(NAR) VOL. 7 NO. 1 / JANUARY-MARCH 1996
Further to our Circular Letter No. 2-96 dated January 19, 1996, please be advised that the rates for the accrued interest net of administrative expenses per 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, 1995, are as follows:
FOR LIFE INSURANCE COMPANIES 9.268731%
FOR NON-LIFE INSURANCE COMPANIES 9.635674%
FOR SENTINEL INSURANCE COMPANY 3.604656%
Please be guided accordingly.
Adopted: 06 Feb. 1996
(SGD.) EDUARDO T. MALINIS
Insurance Commissioner