Regulatory Alerts2017-09-05 | DOF 5496098Added
Official Letter Modifying the Authorization Granted to Seguros Inbursa, S.A., Grupo Financiero Inbursa
The National Commission of Insurance and Sureties modifies the authorization for Seguros Inbursa, S.A., Grupo Financiero Inbursa to operate as an insurance institution. The changes reflect updates to the company's bylaws, specifically replacing the line of business reference from "earthquake and other catastrophic risks" to "catastrophic risks," changing the registered domicile from "Federal District" to "Mexico City," and replacing the fixed capital amount with a requirement to hold the minimum paid-in capital determined annually in Investment Units. The modified authorization must be published in the Official Gazette and two widely circulated newspapers within 120 days of notification.