(NAR) VOL. 14 NOS. 1-2 / APRIL - JUNE 2003
1. He has duly been licensed to act as a life insurance agent and has generated a production of at least Fifty Thousand Pesos (P50,000.00).
2. He has satisfactorily completed a training program on variable contracts.
3. He has passed the written examination prescribed for such purpose, unless exempted from taking the same under Item 4.7 of Insurance Memorandum Circular No. 2-81 dated 17 December 1981.
This Circular Letter supersedes Circular Letter dated 12 November 1985.
Please be guided accordingly.
Adopted: 14 Feb. 2003
(SGD.) EDUARDO T. MALINIS
Insurance Commissioner