Regulatory Alerts2018-01-19 | DOF 5510962Added
Official Letter modifying the authorization granted to Seguros Monterrey New York Life, S.A. de C.V., to operate as an insurance institution
The National Commission of Insurance and Sureties modifies the authorization for Seguros Monterrey New York Life, S.A. de C.V. to reflect the change of its corporate domicile from Monterrey, Nuevo León, to Mexico City. The resolution also updates the capital requirements, stipulating that the minimum paid-in capital must be expressed in Investment Units and covered in national currency, in accordance with Article 49 of the Insurance and Sureties Institutions Law. The modified authorization terms are published in full within the resolution, and the institution is required to publish these resolutions in the Official Gazette and two widely circulated newspapers within 120 days of notification.