Requested from IC by M. Bacasmo at 05:17 PM on
Jun 15, 2023.
Purpose: Research
Date of Coverage: 06/15/2023 - 06/15/2023
Tracking no: #IC-671785088512
Bacasmo 05:17 PM, Jun 15, 2023
Hi! I would like to request the standard chart of accounts for composite insurance companies in the Philippines.
Ignacio 11:23 AM, Jun 16, 2023
June 16, 2023
Dear Mr. Bacasmo,
I refer to my letter of Jun 15, 2023 05:17:32 PM about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Standard chart of accounts for composite insurance companies.
In order for us to work on your request, we need more information from you regarding your query. In particular, it would be helpful to know for what specific purpose you are going to use the information, specifically whether it is personal or for use by agency/business company. If for use by a agency/business entity, to ensure that whatever information, advice, request or inquiry that are being sent to the Commission are authorized by or known to top or senior management of the company, please have the request signed by the President of the company or a responsible company officer with the rank of at least Vice President.. You may use the reply function on the eFOI portal at https://foi.gov.ph/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTY3MTc4NTA4ODUxMgw, for request with ticket number #IC-671785088512, to respond.
During the period of us awaiting your reply, your request will be put on hold. If we do not receive a reply on or before Sep 08, 2023 03:22:38 AM, your request will be closed.
We hope to hear from you at the soonest possible time.
Thank you.
Respectfully,
Edmar Ignacio
FOI Officer
Bacasmo 11:34 AM, Jun 16, 2023
Good day Mr. Edmar,
Thank you for your response to my request of the standard chart of accounts. To specify the purpose of my request, I am an undergraduate student taking Bachelor of Science in Accountancy and I am currently developing my research project on one of my major subjects. The topic is about "Accounting for Insurance Companies" and one of the requirements is the presentation of the chart of accounts (peculiar accounts) used by insurance companies, specifically for composite type of insurance companies since that is assigned. This will definitely help me and my group in developing a comprehensive output.
In short, the request is for academic purposes and research as fulfillment for the course/subject.
Thank you po
Ignacio 10:58 AM, Jun 20, 2023
June 20, 2023
Dear Mr. Bacasmo,
Greetings!
Thank you for your request dated Jun 15, 2023 05:17:32 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
Your request
You asked for Standard chart of accounts for composite insurance companies.
Response 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: https://www.insurance.gov.ph/wp-content/uploads/2022/11/CL2016_65.pdf.
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,
Thank you.
Respectfully,
Edmar Ignacio
FOI Officer
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