(NAR) VOL. 7 NO. 2 / APRIL-JUNE 1996
“a. Non-life company — that its maximum writing authority on any one risk be limited to risks the value of which per sum insured does not exceed the following amounts in relation to its paid-up capital:This Order takes effect immediately.
Paid-Up Capital Writing Authority below P30 million 3 times paid-up capital 30,000-39,999 4 times paid-up capital 40,000 - 49,999 5 times paid-up capital”