Amended rules on insurance fund riders

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IC CIRCULAR NO. 23-2007: Amended rules on insurance fund riders

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Title Supreme Court: Amended rules on insurance fund riders

Law: Ic Circular No. 23-2007

Decision Date: Dec 21, 2007

The Insurance Commission mandates that insurance companies and mutual benefit associations can no longer issue contingency, future, or benefit enhancement funds exceeding total future premiums, while allowing Premium Deposit Fund riders with strict limits on fund accumulation.

contingency funds

future funds

benefit enhancement

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