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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 314704 [Title] => CAP affiliate incurs P2.28-B trust fund deficieny [Summary] => Comprehensive Annuity Plans and Pension Corp., an affiliate of College Assurance Plans (CAP), has a P2.28-billion deficit in its trust fund as of end-September this year, according to documents obtained from the Securities and Exchange Commission (SEC).
Comprehensive Annuitys trust fund stood at P1.84 billion while its actuarial reserve liability amounted to P4.12 billion.
The SEC said the company is insolvent based on its annual financial statement ended Sept. 30, 2005.
[DatePublished] => 2006-01-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 314803 [Title] => CAP affiliate incurs P2.28-B trust fund deficieny [Summary] => Comprehensive Annuity Plans and Pension Corp., an affiliate of College Assurance Plans (CAP), has a P2.28-billion deficit in its trust fund as of end-September this year, according to documents obtained from the Securities and Exchange Commission (SEC).
Comprehensive Annuitys trust fund stood at P1.84 billion while its actuarial reserve liability amounted to P4.12 billion.
The SEC said the company is insolvent based on its annual financial statement ended Sept. 30, 2005.
[DatePublished] => 2006-01-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
COMPREHENSIVE ANNUITY
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 314704 [Title] => CAP affiliate incurs P2.28-B trust fund deficieny [Summary] => Comprehensive Annuity Plans and Pension Corp., an affiliate of College Assurance Plans (CAP), has a P2.28-billion deficit in its trust fund as of end-September this year, according to documents obtained from the Securities and Exchange Commission (SEC).
Comprehensive Annuitys trust fund stood at P1.84 billion while its actuarial reserve liability amounted to P4.12 billion.
The SEC said the company is insolvent based on its annual financial statement ended Sept. 30, 2005.
[DatePublished] => 2006-01-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 314803 [Title] => CAP affiliate incurs P2.28-B trust fund deficieny [Summary] => Comprehensive Annuity Plans and Pension Corp., an affiliate of College Assurance Plans (CAP), has a P2.28-billion deficit in its trust fund as of end-September this year, according to documents obtained from the Securities and Exchange Commission (SEC).
Comprehensive Annuitys trust fund stood at P1.84 billion while its actuarial reserve liability amounted to P4.12 billion.
The SEC said the company is insolvent based on its annual financial statement ended Sept. 30, 2005.
[DatePublished] => 2006-01-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Zinnia B. Dela Peña | January 2, 2006 - 12:00am
By Zinnia B. Dela Peña | January 2, 2006 - 12:00am
Recommended
The Insurance Commission has placed health maintenance organization Stotsenberg Healthcare Systems Inc.under conservatorship amid its inability to address requirements from the government.
1 day ago
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