June 24, 2019
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Minimum Paid-In Capital of Insurance and Surety Companies
On June 24, 2019, the National Insurance and Bonding Commission (Comisión Nacional de Seguros y Fianzas) published in the Official Gazette of the Federation (Diario Oficial de la Federación) the Circular 10/19 (Circular Modificatoria 10/19) amending Annex 6.1.2. of the Sole Insurance and Bonding Circular (Circular Única de Seguros y Fianzas) and the minimum paid-in capital stock that insurance and surety companies must maintain for each authorized operation or line of business. Pursuant to Circular 10/19, the minimum paid-in capital stock is updated as follows on the PDF attached here.
For further information, please get in touch with your regular contacts at Nader, Hayaux & Goebel.
March 13, 2020