(NAR) VOL. 19 NO. 2 / APRIL - JUNE 2008
I. | The rates for the accrued interest income net of administrative expenses based on the approved COA-MBM-MOF Joint Circular No. 1-87 dated January 1, 1987 on the reassessed contributions to the Security Fund Accounts for the year 2007 are as follows: | |
FOR LIFE INSURANCE COMPANIES | 3.20999% | |
FOR NON-LIFE INSURANCE COMPANIES | 3.16598% | |
II. | The aforesaid accrued interest income shall be reflected in your financial statements as of December 31,2007. |