Regulatory Alerts2018-06-22 | DOF 5528837Added
Official Letter Modifying the Authorization Granted to Quálitas Compañía de Seguros, S.A. de C.V. to Organize and Operate as an Insurance Institution
The National Commission of Insurance and Sureties modifies the authorization granted to Quálitas Compañía de Seguros, S.A. de C.V. to reflect changes in its bylaws, specifically by removing the reference to "Distrito Federal" from its social domicile, eliminating the specific mention of "earthquake" coverage in favor of the broader "catastrophic risks" category, and stipulating that its social capital must be expressed in Investment Units and paid in national currency. The resolution also updates the authorization text to include a variable capital structure with withdrawal rights and confirms the intransmissible nature of the authorization. These resolutions must be published in the Official Federal Diary and two widely circulated newspapers within 120 days of notification.