SECOND DIVISION
[G.R. No. 244104. March 18, 2019.]
PHILIPPINE INTERNATIONAL TRADING CORPORATION, petitioner,vs. STRONGHOLD INSURANCE COMPANY, INC., respondent.
NOTICE
Sirs/Mesdames :
Please take notice that the Court, Second Division, issued a Resolution dated 18 March 2019 which reads as follows:
"G.R. No. 244104 (Philippine International Trading Corporation v. Stronghold Insurance Company, Inc.)
After a judicious study of the case, the Court resolves to DENY the instant petition 1 and AFFIRM the June 8, 2018 Decision 2 and the January 10, 2019 Resolution 3 of the Court of Appeals (CA) in CA-G.R. SP No. 151388 for failure of petitioner Philippine International Trading Corporation (petitioner) to sufficiently show that the CA committed any reversible error in issuing the assailed rulings.
Contrary to petitioner's assertions, nowhere in the assailed rulings did the CA delete the penalty imposed on respondent Stronghold Insurance Company, Inc. (respondent) by the Insurance Commission (IC). On the other hand, the CA correctly ruled that the IC is clothed with authority to resolve petitioner's claim against respondent since the same is an exercise of its quasi-judicial functions. 4 Also, it was correct in holding that it had no jurisdiction over the issue of whether respondent committed "unfair claims-settlement practices" on the ground that the same falls within the appellate jurisdiction of the Secretary of Finance, in accordance with Memorandum Circular No. 1-93 5 dated December 3, 1992 of the IC. 6
SO ORDERED."
Very truly yours,
MARIA LOURDES C. PERFECTODivision Clerk of CourtBy:(SGD.) TERESITA AQUINO TUAZONDeputy Division Clerk of Court
Footnotes
1.Rollo, pp. 11-23.
2.Id. at 30-43. Penned by Associate Justice Edwin D. Sorongon with Associate Justices Sesinando E. Villon and Maria Filomena D. Singh, concurring.
3.Id. at 44-45.
4. See id. at 38.
5. Entitled "RULES OF PROCEDURE GOVERNING ADMINISTRATIVE CASES BEFORE THE INSURANCE COMMISSION," (December 3, 1992).
6. See id. at 40-42.