Regulatory Alerts2021-10-22 | DOF 5633509Added · Updated
Official Letter Modifying the Authorization for AIG Seguros México, S.A. de C.V. to Organize, Operate, and Function as an Insurance Institution
The National Commission of Insurance and Sureties modifies the authorization for AIG Seguros México, S.A. de C.V. to remove the designation of being a subsidiary insurance institution, allowing it to operate as a Mexican company with direct foreign investment. The resolution updates the preamble and Articles One, Two, and Three of the authorization to reflect the change in the shareholder's domicile and the institution's legal nature. The modified authorization explicitly defines the permitted insurance lines, variable capital requirements, and the social domicile in Mexico City. The institution is required to publish this official letter in the Official Gazette of the Federation and two widely circulated newspapers within 120 days of notification.