Regulatory Alerts2025-07-01 | DOF 5761565Added
Resolution revoking Magistral, Agente de Seguros, S.A. de C.V.'s authorization for insurance intermediation activities
The National Insurance and Bonds Commission revokes the authorization of Magistral, Agente de Seguros, S.A. de C.V., to perform insurance intermediation activities due to its failure to deliver collected premiums and documentation to the insurance company Seguros Argos, S.A. de C.V. The decision addresses allegations that Magistral withheld premiums totaling $224,908,254.09 MXN related to insurance policies for educational sector workers. This administrative sanction is imposed under Article 32, Section I of the Regulations of Insurance and Bonds Agents.
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