Regulatory Alerts2017-08-15 | DOF 5493823Added
Official Letter Authorizing the Expansion of Corporate Purpose and Modification of Authorization for Odontored Seguros Dentales, S.A. de C.V.
The National Insurance and Bond Commission authorizes Odontored Seguros Dentales, S.A. de C.V. to expand its corporate purpose to include the line of personal accidents in addition to its currently authorized lines of health and medical expenses. The Commission modifies the authorization granted to the insurer, updating Article Second to reflect the new authorized lines and Article Third to specify the corporate name, variable capital structure, and domicile. The insurer is instructed to register the public deed modifying its bylaws in the Public Registry of Property and Commerce and to submit the registration data to the Commission within ninety days, while also obtaining a favorable opinion to commence operations within one hundred eighty days. The resolution must be published in the Federal Official Gazette and two widely circulated newspapers within one hundred twenty days of notification.