Regulatory Alerts2018-05-16 | DOF 5522797Added
Official Letter Modifying the Authorization Granted to Deco Seguros, S.A. de C.V. to Organize and Operate as an Insurance Institution
The National Insurance and Sureties Commission modifies the authorization granted to Deco Seguros, S.A. de C.V. to reflect changes in its corporate bylaws, specifically replacing the fixed capital amount with a requirement to maintain the minimum paid-in capital determined annually for each authorized line of business, expressed in Investment Units and paid in national currency. The resolution also updates the articles regarding the institution's denomination, variable capital structure, and social domicile in Monterrey, Nuevo León. 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.