Philippines: Insurance Commissioner extends lapsed insurer license

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Emmanuel F. Dooc, Insurance Commissioner of the Philippines, has extended the "existing licenses" of insurers whose validity expired on Jun. 30 2014 up to Dec. 31 2015, upon payment of a fee, Business Mirror reported.

The Circular Letter 2014-26 read "in the case of agents, the Insurance Commission shall issue a new list of licensed agents who have paid the corresponding dues for the extended period of validity of their licenses and permits."

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