Guidelines on Issuance of Stay Orders

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CIRCULAR LETTER NO. 2018-44: Guidelines on Issuance of Stay Orders

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Title Supreme Court: Guidelines on Issuance of Stay Orders

Law: Circular Letter No. 2018-44

Decision Date: Sep 4, 2018

The Insurance Commission of the Philippines has issued guidelines on the issuance of Stay Orders to restore distressed regulated companies and protect the interests of policyholders, planholders, members, and creditors, suspending actions and proceedings against the company while preserving its assets.

stay orders

issuance guidelines

insurance commission

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