November 28, 1975
Circular Letter No. 19 (1975)
TO ALL LICENSED EXCESS LINE BROKERS:
SUBJECT: Seguros America Banamex, S. A., Mexico City Mexico
This Department is in receipt of a letter from Mid-Continent Underwriters, U.S. Managing Agent for Seguros America Banamex, S. A. of Mexico City, Mexico (Banamex) confirming that Banamex has not appointed any agent or in any other way authorized any intermediary to solicit insurance business in the State of New York.
Up to and including October 31, 1975, Banamex did accept submissions of direct and reinsurance business emanating from the State of New York, but effective November 1, 1975, the Company suspended acceptance of any submissions from brokers or intermediaries.
Banamex issues policies only through Mid-Continent Underwriters and Banamex has not authorized any person or organization to issue certificates or policies to anyone in New York after October 31, 1975.
Please acknowledge receipt of this letter to Mr. Stewart Keir, Examiner, New York State Insurance Department, Two World Trade Center, 80th Floor, New York, New York 10047.
Very truly yours,
THOMAS A. HARNETT
Superintendent of Insurance
CIRCULAR LETTER CORRECTION
Please note that Circular Letter No. 18(1975) dated November 28, 1975 and addressed TO ALL LICENSED EXCESS LINE BROKERS was incorrectly numbered. It should read Circular Letter No. 19(1975). The content is otherwise unchanged.