Regulatory Alerts2016-01-20 | DOF 5423088Added · Updated
Official Letter Modifying Base II of Article Three of the Authorization Granted to Seguros Multiva, S.A., Grupo Financiero Multiva Due to Capital Increase
The document modifies Base II of Article Three of the authorization granted to Seguros Multiva, S.A., Grupo Financiero Multiva to set its social capital at two hundred eighty million five hundred thousand pesos. This change results from the approval of a statutory reform that increased the company's capital from $260,500,000.00 to $280,500,000.00, as evidenced by Notarial Deed No. 33,104 dated December 3, 2010. The authorization allows the entity to continue operating as an insurance institution covering life, accident, health, property, and other specified risks.