Regulatory Alerts2019-04-29 | DOF 5558893Added
Official Letter Authorizing Tokio Marine HCC Mexico Surety Company, S.A. de C.V. to Organize and Operate as a Subsidiary Surety Institution
The National Insurance and Sureties Commission authorizes Houston Casualty Company to organize and operate Tokio Marine HCC Mexico Surety Company, S.A. de C.V. as a subsidiary surety institution in Mexico. The authorization permits the practice of fidelity, judicial, administrative, and credit sureties across specified sub-lines. The authorization is subject to obtaining a favorable opinion from the Commission within 180 days of the approval of the public instrument establishing the society, and requires publication in the Official Gazette and two widely circulated newspapers within 120 days of notification.