Saturday 4 April 2020
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businessmirror - 2 month ago

IC warns insurance firms on P900-M deadline

THE Insurance Commission (IC) has issued a stern warning to all life and nonlife insurance companies that a cease-and-desist order shall be issued against them should they fail to comply with the P900-million minimum net worth and minimum capital investment requirement within the deadline. The IC said in its February 11 advisory signed by Commissioner [ ]


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