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                    [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] => 
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FINANCE UNDERSECRETARY CORNELIO C

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                    [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
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IC warns 16 non-life insurance firms

By Ted P. Torres | July 26, 2002 - 12:00am

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...

Business