The following guidelines are hereby issued for the information and guidance of all concerned:

1. The Annual Statements shall be in the reduced size of the old blue and pink annual statement blank forms for life and non-life insurance companies, respectively; on legal size bond paper (8 x 14 inches), using either the Times New Roman font size #12 or Arial font size #10. Attached to each Annual Statement shall be the documents enumerated in Annex A^[*] hereof;

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

3. A soft copy of the Annual Statement and attachments shall also be submitted;

4. Any Annual Statement submitted with incomplete documents shall not be considered full compliance with the requirement; and

5. The filing fee shall be Twenty Thousand Pesos (P20,000.00).

Please file your 2008 Annual Statements on or before April 30, 2009 to avoid penalty.

Adopted: 11 Feb. 2009

(SGD.) EDUARDO T. MALINIS
Insurance Commissioner

 

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^[*] Text Available at Office of the National Administrative Register, U. P. Law Complex, Diliman, Quezon City