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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 248732 [Title] => CDO on insurer still valid [Summary] => The Insurance Commission (IC) will not lift the cease and desist order (CDO) on Security Pacific Assurance Corp. (SPAC) until it settles all claims.
In an interview, IC officer-in-charge Eduardo T. Malinis said SPAC must settle its P20-million arrears coming from the issuance of several surety bonds to Rambi Development Corp., an oil company that imports finished oil products and sells this either wholesale or retail.
[DatePublished] => 2004-05-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 246931 [Title] => IC slaps CDO on defiant Security Pacific Assurance [Summary] => The Insurance Commission (IC) issued a cease-and-desist order (CDO) stopping Security Pacific Assurance Corp. (SPAC) from selling or transacting any other non-life insurance business.
In a resolution dated March 19 this year, the IC said that the SPAC failed to meet all its obligations to several oil companies thus becoming "hazardous" to the welfare of the insuring public.
[DatePublished] => 2004-04-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
RAMBI
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 248732 [Title] => CDO on insurer still valid [Summary] => The Insurance Commission (IC) will not lift the cease and desist order (CDO) on Security Pacific Assurance Corp. (SPAC) until it settles all claims.
In an interview, IC officer-in-charge Eduardo T. Malinis said SPAC must settle its P20-million arrears coming from the issuance of several surety bonds to Rambi Development Corp., an oil company that imports finished oil products and sells this either wholesale or retail.
[DatePublished] => 2004-05-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 246931 [Title] => IC slaps CDO on defiant Security Pacific Assurance [Summary] => The Insurance Commission (IC) issued a cease-and-desist order (CDO) stopping Security Pacific Assurance Corp. (SPAC) from selling or transacting any other non-life insurance business.
In a resolution dated March 19 this year, the IC said that the SPAC failed to meet all its obligations to several oil companies thus becoming "hazardous" to the welfare of the insuring public.
[DatePublished] => 2004-04-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
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May 4, 2004 - 12:00am
April 20, 2004 - 12:00am
Recommended
A businessman, tagged as a suspect in the shooting of three people in Calapan City, including the assistant Land Transportation Office district chief, surrendered to the National Bureau of Investigation in Oriental Mindoro yesterday.
20 hours ago
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
A heated argument over a routine Land Transport Office checkpoint inspection led to the shooting of the LTO assistant district chief in Calapan, Oriental Mindoro and two businessmen, one of whom succumbed to a gunshot wound.
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
Lotto Nov 9, 2024
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February 12, 2018
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