Regulatory Alerts2021-04-16 | DOF 5616093Added · Updated
Official Letter Modifying the Authorization for Deco Seguros, S.A. de C.V. to Operate as an Insurance Institution
The National Commission of Insurance and Sureties modifies the authorization granted to Deco Seguros, S.A. de C.V. to include the operation of accidents and illnesses in the personal accidents line of business, in addition to its existing life insurance authorization. The resolution updates Article Two of the authorization to reflect this expanded scope and publishes the full text of the modified authorization, which maintains the variable social capital, Monterrey domicile, and non-transferable nature of the license. The institution is required to publish these resolutions in the Official Gazette of the Federation and two widely circulated newspapers within 120 days of notification.