Regulatory Alerts2016-01-18 | DOF 5422889Added · Updated
Official Letter Modifying Base II of Article Three of the Authorization Granted to Seguros Multiva, S.A., Grupo Financiero Multiva, Due to Increase in Share Capital
The document modifies Base II of Article Three of the authorization granted to Seguros Multiva, S.A., Grupo Financiero Multiva, to function as an insurance institution. This amendment sets the share capital at two hundred thirty million five hundred thousand pesos (MXN 230,500,000.00) following an increase from $190,500,000.00. The authorization permits the entity to conduct life, accident, and health insurance operations, as well as property, liability, marine, transport, fire, automobile, credit reinsurance, and catastrophic risk operations.