Regulatory Alerts2018-03-22 | DOF 5516915Added
Official Letter Modifying the Authorization Granted to Grupo Mexicano de Seguros, S.A. de C.V. to Operate as an Insurance Institution
The National Insurance and Sureties Commission modifies the authorization for Grupo Mexicano de Seguros, S.A. de C.V. to remove the specific "Earthquake" line of business from its damage insurance operations, as these are now included under Catastrophic Risks. The resolution also updates the institution's registered address from "Distrito Federal" to "Ciudad de México" and replaces the fixed capital amount with a variable capital requirement expressed in Investment Units and payable in national currency. These changes reflect amendments to the company's bylaws and comply with current insurance laws.