Regulatory Alerts2020-02-20 | DOF 5587006Added
Official Letter Modifying the Authorization Granted to FM Global de México, S.A. de C.V. to Organize and Operate as an Insurance Institution
The National Insurance and Bonding Commission modifies the authorization granted to FM Global de México, S.A. de C.V. to reflect changes in its corporate bylaws, specifically the removal of the "Earthquake" reference from its authorized lines of business and the requirement that its social capital be expressed in Investment Units and paid in national currency. The authorization is amended to state that the subsidiary is authorized to conduct damage insurance operations in marine and transport, fire, miscellaneous, and other catastrophic risks. The modified authorization terms are published in full within the resolution.
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