Regulatory Alerts2022-03-30 | DOF 5647313Added · Updated
Official Letter Modifying the Authorization for Seguros Azteca Daños, S.A. de C.V. to Organize, Operate, and Function as an Insurance Institution
The National Insurance and Sureties Commission modifies the authorization of Seguros Azteca Daños, S.A. de C.V. to include the agricultural and livestock insurance line of business in addition to its previously authorized lines. The authorization is further amended to update the catastrophic risks category name, replace the fixed social capital amount with a variable minimum paid capital requirement expressed in Investment Units, and update the registered domicile from the Federal District to Mexico City. The institution must publish this official letter in the Official Gazette and two widely circulated newspapers within 120 days of notification.