Regulatory Alerts2017-08-23 | DOF 5494798Added
Official Letter Modifying the Authorization Granted to Seguros Afirme, S.A. de C.V., Afirme Grupo Financiero
The National Insurance and Sureties Commission modifies the authorization for Seguros Afirme, S.A. de C.V., Afirme Grupo Financiero to operate as an insurance institution. The changes adjust the authorized line of business from "earthquake and other catastrophic risks" to "catastrophic risks" and replace the fixed capital amount with a requirement to maintain the minimum paid-in capital determined for the relevant year, expressed in Investment Units and paid in national currency. The modified authorization terms must be published in the Official Journal of the Federation and two widely circulated newspapers within 120 days of notification.