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    Date: 2024-01-09 23:32:15.543914

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Requirements for Establishment of Non-Life and Life Insurance Company

Requested from IC by I. Benitez at 11:32 PM on Jan 09, 2024.
Purpose: Research
Date of Coverage: 12/01/2023 - 01/10/2024
Tracking no: #IC-379445204399

Benitez 11:32 PM, Jan 09, 2024 

Hi! I would like to request for the list of requirements for establishment of life/non-life insurance company in the Philippines including the relevant Circulars in relation thereto.

Ignacio 09:35 AM, Jan 10, 2024 

January 10, 2024

Dear Mr. Benitez,

Greetings!

Thank you for your request dated Jan 09, 2024 11:32:15 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your request

You asked for Establishment of Non-Life and Life Insurance Company requirements.

Response to your request

In relation to your request, we were able to determine that this particular information is already available online and therefore cannot be counted as a valid FOI request. You may retrieve your requested information through the agency's Citizens Charter pages 61 to 64 :
https://www.insurance.gov.ph/wp-content/uploads/2023/03/IC_Citizens-Charter_Rev-2023.pdf 

 Also, attached is Circular Letter No. 2016-39 for your reference.

For further queries/clarifications, you may reach our Licensing Division though telephone number 85238461 loc. 111/130 or email at licensing@insurance.gov.ph.

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by email at icrecords-foi@insurance.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.

If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).

The quality of services you deserve matter to us. To help the Insurance Commission monitor the progress in improving its services, we appreciate accomplishing the Customer Satisfaction Surveys (CSS) through the following link: https://bit.ly/ICCustomerSatisfactionSurvey

Thank you.

Respectfully,

Edmar Ignacio
FOI Officer

Attachments:
 CL No. 2016-39_Establishment, Transfer, Change of Address and Closure of a Branch etc_LICENSING.pdf

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