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Philippines: Insurance Commissioner extends lapsed insurer license

July 8, 2014 - 6:00am

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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