This clarifies the interpretation of Section 18, Rule II Book II of 1991 POEA Revised Rules and Regulation Governing Overseas Employment which states.

"SEC. 18. Non-expiration of License. Where the license holder has made timely and sufficient application for renewal, the existing license shall not expire until the application shall have been finally determined by the Administration." (underscoring supplied).

The above provision should be understood to mean that the expired license holder may be allowed, pending action on its application for renewal, to wind up its activities in respect to those transactions already pending with the Administration prior to the expiration of the license sought to be renewed provided that the following conditions are met.

1. There must be an application for renewal filed with the Licensing and Evaluation Division, LRO.

2. The application is timely filed. The application for renewal is filed before or on the expiry date of the license of an agency.

3. The application is sufficient. Sufficiency of application shall mean compliance with all of the renewal requirements enumerated in the Rules.

Date Filed: 5 November 1991

(Sgd.) JOSE N. SARMIENTO
Administrator