^
+ Follow NLIC Tag
NLIC
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1322307
                    [Title] => National Life seeks 90-day extension
                    [Summary] => 

The National Life Insurance Co. (NLIC) is seeking a 90-day extension to Aug. 15, 2014, from the May 15 deadline to give more time for the potential investor to conduct due diligence.

[DatePublished] => 2014-05-13 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 1283615 [Title] => NLIC policyholders want more IG seats [Summary] =>

The embattled policyholders of the shuttered National Life Insurance Co. (NLIC) are asking the Insurance Commission (IC) to increase their seats in the interim governance board (IG Board) from two to four.

[DatePublished] => 2014-01-28 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [2] => Array ( [ArticleID] => 1153861 [Title] => Insurance, pre-need scam: A public-private partnership [Summary] =>

Last week’s column discussed three parallels between the much-condemned pork-barrel scam and the unjust/unfair treatment, via varied schemes, by certain insurance and pre-need companies of their policy/plan holders.

[DatePublished] => 2013-08-31 00:00:00 [ColumnID] => 133567 [Focus] => 0 [AuthorID] => 1804785 [AuthorName] => Satur C. Ocampo [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [3] => Array ( [ArticleID] => 1128091 [Title] => Parallels: Pork barrel, insurance, pre-need scams [Summary] =>

This column’s August 17 piece (“Insurance Commission remiss in regulating pre-need firms”) has elicited more reader reactions.

[DatePublished] => 2013-08-24 00:00:00 [ColumnID] => 133567 [Focus] => 0 [AuthorID] => 1804785 [AuthorName] => Satur C. Ocampo [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [4] => Array ( [ArticleID] => 1100271 [Title] => Insurance Commission remiss in regulating pre-need firms [Summary] =>

Last April 20 and 27, I wrote about how Pryce Plans, Inc. and its president, Salvador P. Escano, treated me over the lump-sum payment of my modest (P300,000) pension plan that the company was obligated to hand over to me in 2008.

[DatePublished] => 2013-08-17 00:00:00 [ColumnID] => 133567 [Focus] => 0 [AuthorID] => 1804785 [AuthorName] => Satur C. Ocampo [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [5] => Array ( [ArticleID] => 939043 [Title] => Deadline for NLIC rehab plan extended [Summary] =>

The Insurance Commission (IC) has extended indefinitely the deadline for the submission of a final rehabilitation plan for suspended National Life Insurance Co. (NLIC) to allow all stakeholders sufficient time to evaluate two proposals. The original deadline was set for May 1.

[DatePublished] => 2013-05-07 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [6] => Array ( [ArticleID] => 934498 [Title] => Nat’l Life mulls two rehab proposals [Summary] =>

The fate of National Life Insurance Co. (NLIC) is now in the hands of policyholders and premium deposit fund (PDF) owners, who have to choose between two “rehabilitation” plans.

[DatePublished] => 2013-04-25 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 918471 [Title] => NLIC rehab plan to ‘equitize’ policies, PDF [Summary] =>

The National Life Insurance Co. (NLIC) is expected to submit this week its official rehabilitation plan to the Insurance Commission (IC) amid demands from agents and policyholders for a public consultation prior to any changes in the insurer’s status.

[DatePublished] => 2013-03-12 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [8] => Array ( [ArticleID] => 914330 [Title] => IC orders Nat’l Life to submit rehab plan [Summary] =>

The Insurance Commission (IC) has ordered National Life Insurance Co. (NLIC) to submit its latest rehabilitation plan, the fourth version since the insurer was placed under conservatorship in 2010.

[DatePublished] => 2013-03-01 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 886811 [Title] => National Life seeks effective support for rehab plan [Summary] =>

The National Life Insurance Co. (NLIC), a 79-year old Filipino business which since 2006 has been under a series of conservators appointed by the Insurance Commission (IC), was recently granted until Jan. 31, 2013 in which to pursue its alternative rehabilitation plan.

[DatePublished] => 2012-12-17 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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