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                    [ArticleID] => 346760
                    [Title] => P100-M minimum capital starts Jan 2007
                    [Summary] => The Insurance Commission (IC) wants all insurers to have a minimum net worth capital of P100 million by end December. Likewise, the risk-based capital (RBC) formula for all insurers will also be adopted before the end of the year.


For new insurers, the commission will require a capital base of P1 billion (approximately $53 million).


                    [DatePublished] => 2006-07-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                    [ArticleID] => 344111
                    [Title] => Zurich  International Life in hot water
                    [Summary] => The Insurance Commission (IC) has written the Hong Kong insurance regulators on the sale of life insurance products of the Zurich Finance Services and Zurich International Life without the authority or license to sell in the Philippines.


The commission also sought the assistance of the National Bureau of Investigation (NBI) to put a stop to the illegal practice which is depriving the country of tax revenues.


                    [DatePublished] => 2006-06-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
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COMMISSIONER EVANGELINE C

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                    [ArticleID] => 346760
                    [Title] => P100-M minimum capital starts Jan 2007
                    [Summary] => The Insurance Commission (IC) wants all insurers to have a minimum net worth capital of P100 million by end December. Likewise, the risk-based capital (RBC) formula for all insurers will also be adopted before the end of the year.


For new insurers, the commission will require a capital base of P1 billion (approximately $53 million).


                    [DatePublished] => 2006-07-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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            [1] => Array
                (
                    [ArticleID] => 344111
                    [Title] => Zurich  International Life in hot water
                    [Summary] => The Insurance Commission (IC) has written the Hong Kong insurance regulators on the sale of life insurance products of the Zurich Finance Services and Zurich International Life without the authority or license to sell in the Philippines.


The commission also sought the assistance of the National Bureau of Investigation (NBI) to put a stop to the illegal practice which is depriving the country of tax revenues.


                    [DatePublished] => 2006-06-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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abtest

P100-M minimum capital starts Jan 2007

By Ted P. Torres | July 11, 2006 - 12:00am

The Insurance Commission (IC) wants all insurers to have a minimum net worth capital of P100 million by end December. Likewise, the risk-based capital (RBC) formula for all insurers will also be adopted before the...

Banking

Zurich International Life in hot water

By Ted P. Torres | June 27, 2006 - 12:00am

The Insurance Commission (IC) has written the Hong Kong insurance regulators on the sale of life insurance products of the Zurich Finance Services and Zurich International Life without the authority or license to...

Banking