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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 176339 [Title] => Non-life insurers get ultimatum [Summary] => The Insurance Commission (IC) has ordered non-life companies to pay bonds claims of several oil companies, or else.
In a series of meetings held yesterday, IC Commissioner Eduardo T. Malinis ordered Wellington Insurance Co., Development Insurance & Surety Corp., and Security Pacific Assurance Corp. to pay their bond claims or risk penalties including the suspension of their certificate of authority to operate (CA).
"They should pay the claims immediately and then go after their principal," Malinis ordered.
[DatePublished] => 2002-09-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
CUNNINGHAM TOPLIS
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 176339 [Title] => Non-life insurers get ultimatum [Summary] => The Insurance Commission (IC) has ordered non-life companies to pay bonds claims of several oil companies, or else.
In a series of meetings held yesterday, IC Commissioner Eduardo T. Malinis ordered Wellington Insurance Co., Development Insurance & Surety Corp., and Security Pacific Assurance Corp. to pay their bond claims or risk penalties including the suspension of their certificate of authority to operate (CA).
"They should pay the claims immediately and then go after their principal," Malinis ordered.
[DatePublished] => 2002-09-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
abtest
September 17, 2002 - 12:00am
Recommended
The Insurance Commission has placed health maintenance organization Stotsenberg Healthcare Systems Inc.under conservatorship amid its inability to address requirements from the government.
1 day ago
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