Regulatory Alerts2016-06-22 | DOF 5442143Added
Official Letter Declaring the Revocation of Authorizations Granted to Torreón, Mutual Insurance Society, for Agricultural and Fire Insurance Operations
The Ministry of Finance and Public Credit declares the revocation of the authorizations granted to Torreón, Mutual Insurance Society, in Liquidation, to operate as a mutual insurance society in the agricultural and animal damage insurance lines and in the fire insurance line. This decision is based on the society's voluntary dissolution and liquidation agreed upon by its members, which constitutes a statutory cause for revocation under Article 97 of the General Law of Insurance and Mutual Insurance Societies. The resolution mandates personal notification to the society, publication in the Official Gazette, and registration of the revocation in the Public Commerce Registry.
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