Foreign Insurance Companies' Capital Requirements

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Title Supreme Court: Foreign Insurance Companies' Capital Requirements

Law: Act No. 2867

Decision Date: Mar 14, 1919

In the Philippine Jurisprudence case, Act No. 2427 is amended by Act No. 2867, requiring foreign insurance companies to meet certain capital and reserves requirements and deposit securities with the Insurance Commissioner for the benefit of policyholders and creditors, effective from January 1, 1920.

insurance laws

foreign insurance companies

capital requirements

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