Submission of Monthly Report of Bonds Issued in Favor of the Government

January 22, 2015 INSURANCE CIRCULAR LETTER NO. 004-15 Supersedes: IMC 1/94 TO : All Non-Life Insurance Companies Doing Business in the Philippines SUBJECT : Submission of Monthly Report of Bonds Issued in Favor of the Governmen t Pursuant to the provisions of Section 437 of the Amended Insurance Code, all non-life companies authorized to become surety upon official recognizances, stipulations, bonds and undertakings are hereby required to submit to the Insurance Commission a monthly report of bond issuances in favour of the government and its political subdivisions and instrumentalities including government owned and controlled corporations. The deadline for submission is thirty (30) days after the end of each month. The reporting shall be done using the attached forms and filled up with complete and accurate data. All bonds issued in favor of the government during the reporting period must be included. Incomplete submission shall be considered as non-compliance with this Circular and shall warrant an imposition of penalty prescribed under Circular Letter No. 2014-15 dated 15 May 2014: Schedule of Fees and Charges. For strict compliance. (SGD.) EMMANUEL F. DOOC Commissioner ATTACHMENT List of Bonds Issued For the Month of ________, _____ Pursuant to IC Circular No. ____ dated _________, 2015 Name of Insurance Company_______________________ Government Kind of Bond Date Face Amount Amount of Name of Entities Bonds Principal No. Issued Term of Bond Premium Retention Reinsurance Reinsurers I. COURTS HTSAEa _________ _________ _________ II. BUREAU OF CUSTOMS _________ _________ _________ III. OTHERS (SPECIFY) _________ _________ _________ CERTIFIED CORRECT: Authorized Signature (Please sign over printed name)