Title
Guidelines for Filing 2008 Insurance Annual Statements
Law
Ic Circular Letter No. 8, S. Of 2009
Decision Date
Feb 11, 2009
Insurance companies must submit their 2008 Annual Statements in a specified format on legal-sized paper, along with required documents and a filing fee of P20,000, by April 30, 2009, to avoid penalties.
A

Q&A (IC CIRCULAR LETTER NO. 8, S. OF 2009)

The required paper size is legal size bond paper measuring 8 1/2 x 14 inches.

Either Times New Roman font size #12 or Arial font size #10 is acceptable.

The documents enumerated in Annex A of the Circular Letter must be attached to each Annual Statement.

It will not be considered full compliance with the filing requirement.

The filing fee is Twenty Thousand Pesos (P20,000.00).

They must be filed on or before April 30, 2009.

Yes, a soft copy of the Annual Statement and attachments must also be submitted.

The exact formats, columnar headings, and footnote instructions found in every page of the old blank form shall be observed.

The old blue form is for life insurance companies and the old pink form is for non-life insurance companies, both now required to be filed in a reduced size on legal-size bond paper.


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