Regulatory Alerts2016-01-15 | DOF 5422791Added · Updated
Official Letter Modifying the Authorization of Seguros Multiva, S.A., Grupo Financiero Multiva Due to Capital Increase
The document modifies the authorization granted to Seguros Multiva, S.A., Grupo Financiero Multiva, specifically updating Base II of Article Three to reflect a new social capital of 190,500,000 Mexican pesos. This change results from the approval of statutory reforms that increased the company's capital from 155,500,000 to 190,500,000 pesos, based on the public deed executed on November 30, 2009. The authorization permits the institution to operate as an insurance company covering life, accident, health, property, and other specified risks.