Price Increase Traditional Life Plan
SEC-NTD (Order) • Securities and Exchange Commission Departments • Non-Traditional Securities and Instruments Department (NTD) • Jan 22, 2007
Full text
January 22, 2007 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF PACIFIC PLANS, INC., registrant PRICE INCREASE OF TRADITIONAL LIFE PLAN ORDER Upon consideration of the Petition for Price Increase and its supporting documents filed for and on behalf of PACIFIC PLANS, INC., the Commission pursuant to SEC Memorandum Circular No. 3 Series of 2002 rendered effective the following price increases of its existing unsold traditional life plans, subject to the amended term and conditions, to wit: Plan Price Plan Code Plan Name Gross Pre-Need Price Spot Cash L Grand Monarch P275,000.00 P250,410.00 A Supremacy 218,400.00 198,900.00 B Presidential 117,600.00 107,100.00 C Excelsior 86,200.00 78,540.00 D Classic 84,000.00 76,500.00 K Regency 74,500.00 67,830.00 E Royalty 63,800.00 58,140.00 F Ambassador 56,000.00 51,000.00 G Statesman 61,600.00 56,100.00 H Rhapsody 44,000.00 40,086.00 I Simplicity 42,000.00 38,250.00 J Provincial 41,200.00 37,536.00 However, the issuance thereof is only permissive and does not constitute a recommendation or indorsement of the securities permitted to be offered for sale. It shall be unlawful to make or cause to be made to any prospective purchaser any representation contrary to the foregoing. Let this Order be published at the expense of the corporation once in a newspaper of general circulation in the Philippines within ten (10) days from its promulgation. The corporation is hereby directed to submit to the Commission an affidavit to this effect within five (5) days from such publication. IDScTE SO ORDERED. EDSA, Mandaluyong City, Philippines. (SGD.) MERLE JOY B. PASCUAL Assistant Director Registration & Licensing Division Published in The Manila Times on January 24, 2007 .
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