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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 169668 [Title] => IC warns 16 non-life insurance firms [Summary] => The Insurance Commission (IC) has given 16 non-life insurance companies up to the end of the month to raise their capital to a minimum of P50 million or face closure.
Under Department Order 31-01 of the Department of Finance (DOF), all life and non-life insurance companies are required to have a minimum capital of P50 million by end June this year. Failure to meet the deadline would result in a suspension of operations and possible closure of the company.
[DatePublished] => 2002-07-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
FINANCE UNDERSECRETARY CORNELIO C
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 169668 [Title] => IC warns 16 non-life insurance firms [Summary] => The Insurance Commission (IC) has given 16 non-life insurance companies up to the end of the month to raise their capital to a minimum of P50 million or face closure.
Under Department Order 31-01 of the Department of Finance (DOF), all life and non-life insurance companies are required to have a minimum capital of P50 million by end June this year. Failure to meet the deadline would result in a suspension of operations and possible closure of the company.
[DatePublished] => 2002-07-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Ted P. Torres | July 26, 2002 - 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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February 12, 2018
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