News

Recent News From Adame Gonzalez de Castilla & Besil

MINIMUM PAID CAPITAL FOR MEXICAN INSURANCE INSTITUTIONS

MINIMUM PAID CAPITAL FOR MEXICAN INSURANCE INSTITUTIONS

Published: 30 Jun 2020

On June 29, 2020 the Official Gazette of the Federation published the "CIRCULAR 6/20 OF THE MEXICAN SOLE INSURANCE AND BONDING COMPANIES CIRCULAR" (the " Circular 6/20"). The Circular 6/20 establishes the minimum paid capital for Mexican Insurance and Bonding Companies for each kind of insurance operation they operate as follows: Insurance Operations Operation United S...

Read More

AVISO DE ACTUALIZACIÓN DE SOCIOS O ACCIONISTAS ANTE EL REGISTRO FEDERAL DE CONTRIBUYENTES.

AVISO DE ACTUALIZACIÓN DE SOCIOS O ACCIONISTAS ANTE EL REGISTRO FEDERAL DE CONTRIBUYENTES.

Published: 24 Jun 2020

AVISO DE ACTUALIZACIÓN DE SOCIOS O ACCIONISTAS ANTE EL REGISTRO FEDERAL DE CONTRIBUYENTES. El 9 de diciembre de 2019 se publicó en el Diario Oficial de la Federación el “Decreto por el que se reforman, adicionan y derogan diversas disposiciones de la Ley del Impuesto sobre la Renta, de la Ley del Impuesto al Valor Agregado, de la Ley del Impuesto Especial sobre Producción y Se...

Read More

Notes on the Termination of Insurance Policies Due to False Warranties and Concealment

Notes on the Termination of Insurance Policies Due to False Warranties and Concealment

Published: 20 May 2020

When applying for insurance, the proposer (insured, agent or third party) must complete a proposal form from the underwriter, declaring all the important facts the underwriter requires to assess the risk, especially those that may alter the way in which the underwriter would have underwritten the risk if knowing those facts. Any false warranties or concealment of the facts referred above, will ent...

Read More

Entering Insurance Contracts With Foreign Insurers in Mexico

Entering Insurance Contracts With Foreign Insurers in Mexico

Published: 12 May 2020

In accordance with the Mexican Insurance and Bonding Companies Law only Insurance Companies authorized to operate in Mexico (a “Mexican Insurer”) are allowed to provide insurance within Mexican territory even to the extent that the practice of active insurance operations by non-authorized entities constitutes a crime, the contract will be null and the insured will be entitled to the reimbursement ...

Read More

Find a Global Law Expert

Awards

Since 2010, the Global Law Experts annual awards have been celebrating excellence, innovation and performance across the legal communities from around the world.