Fees and Other Charges for Approval of Micro Pre-Need Products and Forms
Insurance Circular Letter No. 025-16 • Other Rules and Procedures • Insurance Commission • Apr 21, 2016
Full text
April 21, 2016 INSURANCE CIRCULAR LETTER NO. 025-16 SUPERSEDES: NONE TO : All Pre-Need Companies Authorized to Transact Business in the Philippines SUBJECT : Fees and Other Charges for Approval of Micro Pre-Need Products and Forms Pursuant to the powers vested in the Insurance Commission by the provision of Section 6 of Republic Act No. 9829 otherwise known as the Pre-Need Code of the Philippines, it is hereby promulgated that the fees and charges pertaining to approval of micro pre-need products and forms shall be fifty percent (50%) of the rates applicable to pre-need products indicated under Item D Section V of Circular Letter No. 2014-15, Fees and Charges . This Circular takes effect immediately. TCAScE For strict compliance. (SGD.) EMMANUEL F. DOOC Insurance Commissioner
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