Regulatory Alerts2018-04-10 | DOF 5518735Added
Official Letter Modifying the Authorization Granted to Seguros Atlas, S.A., to Operate as an Insurance Institution
The National Insurance and Bonding Commission modifies the authorization granted to Seguros Atlas, S.A. to operate as an insurance institution to reflect comprehensive reforms to its corporate bylaws. The modifications remove the reference to "Earthquake" from the social object, replace the specific social capital amount with a requirement to maintain the minimum paid-in capital determined annually in Investment Units, and update the social domicile to Mexico City. The institution is required to publish these resolutions in the Official Gazette and two widely circulated newspapers within 120 days of notification.