(NAR) VOL. III NO. 4 / OCTOBER - DECEMBER 1992
Pursuant to Memorandum Circular No. 121 dated November 2, 1990 of the Office of the President implemented under Department Order No. 66-90 dated November 20, 1990 of the Department of Finance, the Insurance Commission shall herewith collect and receive the revised schedules of fees and charges as follows:
1. Insurance Agents' Examination Fees:
Walk-in examination (Metro Manila) | P100.00 | |
Provincial Examination | 150.00 | |
2. For the Issuance/Renewal of Certificate of Authority/License/Certificate of Registration:
Each certificate of authority issued to Insurance Companies | 1,000.00 | |
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Each special certificate of authority issued to a servicing insurance company | 500.00 | |
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Each license issued to a general agent | 200.00 | |
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Each license issued to an insurance agent | 100.00 | |
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Each license issued to an agent of variable contract policy | 100.00 | |
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Each license issued to an insurance broker | 500.00 | |
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Each license issued to a Reinsurance broker | 500.00 | |
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Each license issued to an Insurance adjuster | 500.00 | |
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Each certificate of registration issued to an Actuary | 500.00 | |
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Each certificate of registration issued to a Resident agent | 200.00 | |
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Each license issued to a Rating organization | 500.00 | |
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Each certificate of registration issued to a non-life Company underwriter (per line) | 100.00 | |
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Each license issued to a Mutual benefit association | 100.00 | |
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Each certificate of registration issued to a Trust for charitable uses | 50.00 | |
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3. Certification of documents (per copy) | 50.00 | |
4. Publication - This Memorandum Circular shall be published once a week for two consecutive weeks in two newspapers of general circulation in the Philippines.
5. Effectivity - This Memorandum Circular amends paragraph 7 of Insurance Memorandum Circular No. 2-86 dated September 29, 1986 and shall take effect fifteen days after the last publication.
Adopted: 7 Oct. 1992
(SGD.) EDUARDO T. MALINIS
Deputy Insurance Commissioner