(NAR) VOL. 18 NO. 4/OCTOBER - DECEMBER 2007
In view of the several queries received on the above subject this Commission wishes to advise all concerned that the provisions of Circular Letter 24-2006 dated May 26, 2006, and its related circulars as listed below, remain in full force and effect and hence, strict compliance with the same is hereby enjoined.
- I. C. Circular Letter No. 29-2006 dated July 29, 2006
- I. C. Circular Letter No. 39-2006 dated December 7, 2006
- I. C. Circular Letter No. 8-2007 dated April 23, 2007
Violation of the provisions of the above circulars will be subject to the penalties provided for under the pertinent circulars and/or the provisions of the Insurance Code.
Please be guided accordingly.
Adopted: 11 Sept. 2007
(SGD.) EDUARDO T. MALINIS
Insurance Commissioner