Regulatory Alerts2018-10-29 | DOF 5542291Added
Official Letter Authorizing SPP Institución de Seguros, S.A. de C.V. to Organize and Operate as an Insurance Institution
The National Insurance and Bonds Commission authorizes Juan Carlos Merlo Bello and Global Insurance Group Holding Company, Inc. to organize and operate SPP Institución de Seguros, S.A. de C.V. as an insurance institution authorized to underwrite personal accident and health insurance, as well as various property damage insurance. The authorization is subject to obtaining a favorable opinion from the Commission within 180 days of the approval of the public deed constituting the company, and requires the publication of the official letter in the Official Gazette and two widely circulated newspapers within 120 days of notification.