Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 679822
                    [Title] => Over 20 non-life insurers miss deadline for hike in capital
                    [Summary] => 
More than 20 non-life insurance companies have failed to meet the March 31 deadline for submission of documentary proof they have complied with the P125-million minimum paid-up capital requirement of the Department of Finance-Insurance Commission (DOF-IC).
                    [DatePublished] => 2011-04-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => 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] => 
                )

        )

)

MANILA INSURANCE CO

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 679822
                    [Title] => Over 20 non-life insurers miss deadline for hike in capital
                    [Summary] => 
More than 20 non-life insurance companies have failed to meet the March 31 deadline for submission of documentary proof they have complied with the P125-million minimum paid-up capital requirement of the Department of Finance-Insurance Commission (DOF-IC).
                    [DatePublished] => 2011-04-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => 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

Over 20 non-life insurers miss deadline for hike in capital

By Ted P. Torres | April 28, 2011 - 12:00am

More than 20 non-life insurance companies have failed to meet the March 31 deadline for submission of documentary proof they have complied with the P125-million minimum paid-up capital requirement of the Department...

Business

SC, IC join forces vs delinquent insurers

July 30, 2002 - 12:00am

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...

Banking