Regulatory Alerts2020-12-18 | DOF 5608183Added · Updated
Official Letter Modifying the Authorization Granted to Sompo Seguros Mexico, S.A. de C.V.
The National Insurance and Bonds Commission modifies the authorization for Sompo Seguros Mexico, S.A. de C.V. to remove the specific reference to "Earthquake" from its authorized lines of business, as such risks are now included under Catastrophic Risks, and to update its social domicile from "Federal District" to "Mexico City" in accordance with constitutional reforms. The resolution fully restates the institution's authorization to operate as a subsidiary of Sompo America Insurance Company, detailing its permitted damage insurance branches, variable capital requirements, and legal framework. The institution is required to publish this official letter in the Official Gazette and two widely circulated newspapers within 120 days of notification at its own expense.
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