Question & AnswerQ&A (POEA MEMORANDUM CIRCULAR NO. 13, S. 2011)
The main purpose is to provide additional guidelines in filing supersedeas bonds for appealed cases to prevent spurious and delinquent surety companies from transacting business and to ensure efficient collection of liabilities under surety bonds.
The documents required are: 1) Certified copy of a valid Certificate of Accreditation and Authority issued by the Office of the Court Administrator with the photo of the authorized agent, 2) Copy of the Certificate of Compliance with Circular No. 66 of the Insurance Commission certified by the Insurance Commission, and 3) Secretary's Certificate containing specimen signatures of agents authorized to transact business with courts.
It must contain the photograph of the authorized agent.
It certifies that the surety company complies with the insurance regulations set by the Insurance Commission, ensuring legitimacy and regulatory compliance.
It must contain the specimen signatures of the agents authorized to transact business with courts.
The validity must extend up to ninety (90) days after the order becomes final and executory.
The appeal shall not be given due course, and an Entry of Judgment shall be issued.
It is transmitted to the Department of Labor and Employment (DOLE) for appropriate action.