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+ Follow FIRST QUEZON CITY INSURANCE CO Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 182724 [Title] => IC orders liquidation of 7 insurers; 3 more lined up [Summary] => Seven non-life insurance companies has been ordered for liquidation while three more have been placed under receivership by the Insurance Commission (IC) for capital inadequacy and margin of solvency deficiency.
All nine firms were issued a cease and desist order (CDO) barring them from continuing business such as issuance of bonds, sale of non-life insurance products like fire insurance, motor or vehicle insurance.
[DatePublished] => 2002-11-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 182188 [Title] => IC issues CDO against four insurance companies [Summary] => The Insurance Commission (IC) has issued a cease and desist order (CDO) barring four non-life insurance companies from continued operations until they have met the minimum paid-up capital requirement imposed by the Department of Finance (DOF) last July.
Likewise, two non-life insurers stopped operations up to the end of 2003.
[DatePublished] => 2002-11-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 170164 [Title] => SC, IC join forces vs delinquent insurers [Summary] => The Supreme Court and the Insurance Commission (IC) has joined forces in clamping down on delinquent non-life insurance companies issuing judicial bonds.
Judicial bonds are basically bail bonds issued for the temporary release of an accused. An insurance company will issue the bail bonds and thus guarantees that the accused would appear when summoned by the court.
The insurer, otherwise known in this case as the surety firm, assumes the risk of underwriting bonds for a premium. In the event that the accused fails to appear, the courts confiscate the bonds.
[DatePublished] => 2002-07-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
FIRST QUEZON CITY INSURANCE CO
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 182724 [Title] => IC orders liquidation of 7 insurers; 3 more lined up [Summary] => Seven non-life insurance companies has been ordered for liquidation while three more have been placed under receivership by the Insurance Commission (IC) for capital inadequacy and margin of solvency deficiency.
All nine firms were issued a cease and desist order (CDO) barring them from continuing business such as issuance of bonds, sale of non-life insurance products like fire insurance, motor or vehicle insurance.
[DatePublished] => 2002-11-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 182188 [Title] => IC issues CDO against four insurance companies [Summary] => The Insurance Commission (IC) has issued a cease and desist order (CDO) barring four non-life insurance companies from continued operations until they have met the minimum paid-up capital requirement imposed by the Department of Finance (DOF) last July.
Likewise, two non-life insurers stopped operations up to the end of 2003.
[DatePublished] => 2002-11-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 170164 [Title] => SC, IC join forces vs delinquent insurers [Summary] => The Supreme Court and the Insurance Commission (IC) has joined forces in clamping down on delinquent non-life insurance companies issuing judicial bonds.
Judicial bonds are basically bail bonds issued for the temporary release of an accused. An insurance company will issue the bail bonds and thus guarantees that the accused would appear when summoned by the court.
The insurer, otherwise known in this case as the surety firm, assumes the risk of underwriting bonds for a premium. In the event that the accused fails to appear, the courts confiscate the bonds.
[DatePublished] => 2002-07-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
abtest
By Ted P. Torres | November 5, 2002 - 12:00am
By Ted P. Torres | November 1, 2002 - 12:00am
July 30, 2002 - 12:00am
Recommended
Sen. Sherwin Gatchalian yesterday belied reports that he was involved in the illegal entry of a Cadillac Escalade at the Edsa bus lane on Sunday night.
1 day ago
Describing himself as a law-abiding public servant, Sen. Sherwin Gatchalian broke his silence yesterday about the involvement of his family in the Cadillac vehicle with a Senate protocol plate that illegally entered the EDSA busway.
2 days ago
The luxury vehicle bearing the Senate protocol plate “7” that was flagged down along the EDSA bus lane is a vehicle registered with the Gatchalians, according to the Land Transportation Office.
3 days ago
The Land Transportation Office has resorted to issuing certificates of registration printed on plain bond paper as the National Printing Office missed its security paper delivery.
3 days ago
The driver of a luxury sports utility vehicle (SUV) with a protocol plate for senators, who illegally used the EDSA busway on Sunday, November 3, has surrendered to the Land Transportation Office (LTO).
4 days ago
Lotto Nov 9, 2024
EZ2/LVM - 8 16
SUERTRES - 6 5 2
6D Lotto - 1 8 3 0 1 7
6/42 - 37 6 7 18 9 27
P6,627,798.00
Grand Lotto - 52 29 40 42 16 55
P108,392,002.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66