Regulatory Alerts2018-02-14 | DOF 5513201Added
Official Letter Modifying the Authorization Granted to Genworth Seguros de Crédito a la Vivienda, S.A. de C.V. to Operate as an Insurance Institution
The National Insurance and Sureties Commission modifies the authorization for Genworth Seguros de Crédito a la Vivienda, S.A. de C.V. to update its social capital provisions, requiring the minimum paid-in capital to be expressed in Investment Units and covered in national currency in accordance with Article 49 of the Insurance and Surety Institutions Law. The resolution also mandates the publication of these changes in the Official Gazette of the Federation and two widely circulated newspapers within 120 days of notification.