Regulatory Alerts2018-05-18 | DOF 5523096Added
Official Letter Modifying the Authorization Granted to Seguros El Potosí, S.A., to Organize and Operate as an Insurance Institution
The National Commission of Insurance and Sureties modifies the authorization granted to Seguros El Potosí, S.A. to organize and operate as an insurance institution. The modification updates the company's social object by removing the specific reference to "earthquake" risks, as these are now included under catastrophic risks, and replaces the fixed capital amount with a requirement to maintain the minimum paid-in capital determined annually for each authorized line of business, expressed in Investment Units and paid in national currency. The full text of the authorization is updated to reflect these changes, including the company's denomination, domicile, and the intransmissible nature of the authorization.