Regulatory Alerts2020-10-28 | DOF 5603707Added
Official Letter Modifying the Authorization Granted to Principal Seguros, S.A. de C.V., Principal Grupo Financiero, to Operate as an Insurance Institution
The National Insurance and Sureties Commission modifies the authorization granted to Principal Seguros, Sociedad Anónima de Capital Variable, Principal Grupo Financiero, to clarify its indirect participation by Principal International Mexico, LLC. The resolution updates the Proemio and Articles First and Third of the authorization, establishing a fixed minimum capital without withdrawal rights of $100,684,971.00 MXN and setting the social domicile in San Pedro Garza García, Nuevo León. The modified authorization is published in the Official Gazette of the Federation and two widely circulated newspapers within 120 days of notification.