Registration/Licensing of P148,022,924 Million Worth Life Plans
NTD (Notice and Order) • Securities and Exchange Commission Departments • Non-Traditional Securities and Instruments Department (NTD) • Jun 28, 2007
Full text
June 28, 2007 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF ETERNAL PLANS, INC., registrant REGISTRATION/LICENSING OF P148,022,924 MILLION WORTH LIFE PLANS NOTICE AND ORDER Notice is hereby given that on June 26, 2007 a sworn registration statement was filed with the Securities and Exchange Commission for and on behalf of ETERNAL PLANS, INC., for initial registration/licensing of securities to be applied to its unsold life plans worth P148,022,924 million. The securities covering 14,802 life plans will be sold at the following gross contract prices based on annual installments. Payment Max Life 1 Life Max 2 Life Max 3 Term (Life Plan Basic) (Life Plan Advantage) (Life Plan Minimum) (Year) Minimum 1 Maximum 2 Minimum 1 Maximum 2 Minimum 1 Maximum 2 One P9,468 P94,680 P7,878 P78,780 P8,565 P85,650 Two 10,018 100,180 8,102 81,020 8,900 89,000 Three 10,485 104,850 8,358 83,580 9,192 91,920 Four 11,088 110,880 8,708 87,080 10,208 102,080 Five 12,780 127,800 9,995 99,950 11,135 111,350 Note : Details for other modes of payment are available in the actuarial feasibility study on file with SEC. Based on the documents filed, the following persons appear to be its officers and directors: Name Position T. ANTHONY C. CABANGON Chairman/Director D. ANOTOINETTE C. JACINTO Vice-Chairman & CEO/Director ELMER M. LORICA President & COO/Director BENJAMIN V. RAMOS Corporate Treasurer/Director AMOR B. MASIGLA Asst. Vice President-Finance RAMON L. SIN Independent Director JUAN P. DAYANG Independent Director EMILIANO P. JURADO, JR. Independent Director Said application and other documents attached thereto are open for inspection by interested parties during office hours, and photocopies thereof shall be provided upon written request and after payment of the required fees. Any person may file an opposition thereto within ten (10) days from date of last publication of this Notice and Order. Let this Notice and Order be published, at the expense of the corporation, in two (2) newspapers of general circulation in the Philippines once a week for two (2) consecutive weeks. HTacDS SO ORDERED. EDSA, Mandaluyong City, Philippines. June 28, 2007. (SGD.) JOSE P. AQUINO Acting Director Published in The Manila Times on June 30 and July 7, 2007.
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