(NAR) VOL.8 NO. 1 / JANUARY-MARCH 1997
Further to our Circular No. 1-97 dated January 13, 1997, please be advised that the rates for the accrued interest net of administrative expenses for the approved COA-MBM-MOF Joint Circular No. 1-87 dated January 1, 1987 on the reassessed contributions to the Security Fund Accounts to be reflected in your financial statements as of December 31, 1996, are as follows:
FOR LIFE INSURANCE COMPANIES 9.238441%
FOR NON-LIFE INSURANCE COS. 9.602130%
Please be guided accordingly.
Adopted: 28 Jan. 1997
(SGD.) EDUARDO T. MALINIS
Insurance Commissioner