Regulatory Alerts2016-01-21 | DOF 5423168Added · Updated
Official Letter Modifying the Second Base of Article Three of the Authorization Granted to Seguros Multiva, S.A., Grupo Financiero Multiva Due to Capital Increase
The document modifies the Second Base of Article Three of the authorization granted to Seguros Multiva, S.A., Grupo Financiero Multiva to set its social capital at 291,500,000 Mexican pesos. This change results from the approval of a statutory reform to increase the company's capital from 280,500,000 to 291,500,000 pesos, as evidenced by Notarial Deed No. 52,252 dated August 9, 2011. The authorization permits the institution to operate as an insurance company offering life, accident, and health insurance, as well as property, liability, marine, fire, automobile, credit reinsurance, and catastrophic risk coverage.