Regulatory Alerts2019-10-11 | DOF 5575199Added
Official Letter Modifying the Authorization Granted to Citibanamex Seguros, S.A. de C.V., Member of the Citibanamex Financial Group, to Organize and Operate as an Insurance Institution
The National Insurance and Sureties Commission modifies the authorization granted to Citibanamex Seguros, S.A. de C.V. to reflect changes in its corporate bylaws, specifically updating the registered office location from the Federal District to Mexico City, removing the specific reference to earthquake risk as it is included under catastrophic risks, and stipulating that social capital must be expressed in Investment Units and paid in national currency. These modifications are published in the Official Gazette of the Federation and two widely circulated newspapers within 120 days of notification.