Regulatory Alerts2022-10-25 | DOF 5669518Added
Official Letter modifying the authorization to organize, operate and function as an insurance institution granted to Virginia Surety Seguros de México, S.A. de C.V.
This official letter modifies the authorization granted to Virginia Surety Seguros de México, S.A. de C.V. to organize, operate, and function as an insurance institution by expanding its damage operations to include civil liability and professional risks, as well as fire and catastrophic risks, in addition to its existing automobile and diverse lines. The resolution updates the legal framework references by removing provisions related to the abrogated General Law of Insurance Institutions and Mutual Insurance Companies and establishes that the authorization is non-transferable and subject to inspection by the National Insurance and Surety Commission. The institution must publish this modification in the Official Gazette of the Federation and two widely circulated newspapers within 120 days following notification.
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