Regulatory Alerts2020-09-11 | DOF 5600251Added
Official Letter Modifying the Authorization Granted to Umbrella Compañía de Seguros, S.A. de C.V.
The National Insurance and Sureties Commission modifies the authorization granted to Umbrella Compañía de Seguros, S.A. de C.V. to reflect statutory reforms, specifically substituting references to the repealed General Law of Insurance Institutions and Mutual Societies with the current Law of Insurance Institutions and Sureties. The modification updates the authorization's preamble and Articles Second through Seventh to align with the new legal framework and confirms the institution's authorization to operate in the personal accidents insurance line. The resolution requires the official publication of this letter in the Official Gazette of the Federation and two widely circulated newspapers within 120 days of notification.