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                    [ArticleID] => 166386
                    [Title] => IC gives All Asia Life more time to raise its capital
                    [Summary] => The Insurance Commission (IC) has extended to September the deadline for All Asia Life Assurance Corp. to fill its capital deficiency.


"It is the final extension. If they fail again, we have to enforce the law," said IC Commissioner Eduardo T. Malinis.


The original deadline was set for end June this year. But the insurer sought an extension saying it was waiting for the court to issue what they expect to be a favorable decision involving certain properties, which would be used to fill up its capital deficiency of P123.4 million.


                    [DatePublished] => 2002-06-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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ALL ASIA INSURANCE HOLDINGS

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                    [ArticleID] => 166386
                    [Title] => IC gives All Asia Life more time to raise its capital
                    [Summary] => The Insurance Commission (IC) has extended to September the deadline for All Asia Life Assurance Corp. to fill its capital deficiency.


"It is the final extension. If they fail again, we have to enforce the law," said IC Commissioner Eduardo T. Malinis.


The original deadline was set for end June this year. But the insurer sought an extension saying it was waiting for the court to issue what they expect to be a favorable decision involving certain properties, which would be used to fill up its capital deficiency of P123.4 million.


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                    [ColumnID] => 133272
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                    [AuthorName] =>  Ted P. Torres
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abtest

IC gives All Asia Life more time to raise its capital

By Ted P. Torres | June 29, 2002 - 12:00am

The Insurance Commission (IC) has extended to September the deadline for All Asia Life Assurance Corp. to fill its capital deficiency. "It is the final extension. If they fail again, we have to enforce the...

Business