Regulatory Alerts2018-05-29 | DOF 5524326Added
Official Letter Modifying the Authorization Granted to AIG Seguros Mexico, S.A. de C.V.
The National Commission of Insurance and Sureties modifies the authorization for AIG Seguros Mexico, S.A. de C.V. to update its corporate statutes by removing the reference to "Federal District" from its domicile, eliminating the specific "Earthquake" reference from its business object as it is covered under catastrophic risks, and changing the capital requirement to be expressed in Investment Units and paid in national currency. The resolution also updates the legal basis for the authorization to reflect the transfer of authority from the Ministry of Finance to the Commission and confirms the entity's status as a subsidiary of AIG Insurance Company-Puerto Rico. These changes must be published in the Official Gazette and two widely circulated newspapers within 120 days of notification.