IC CIRCULAR LETTER NO. 15/95 CL, July 07, 1995

[ IC CIRCULAR LETTER NO. 15/95 CL, July 07, 1995 ]

1994 INTEREST INCOME OF THE SECURITY FUND, LIFE AND NON-LIFE ACCOUNTS

We are pleased to inform you that the distribution of the interest income of the Security Fund, net of administrative expenses on your reassessed contributions to the Security Fund, for the calendar year 1994 shall be made on or before July 10, 1995.

Account Gross Interest Income

Administrative Expenses

Net Interest Income

Life P522,037.13

P26,101.86

P495,935.27

Non-Life 595,259.63

29,762.98

565,496.65

You may send over your duly authorized representative with his/her latest picture, identification card and TIN number, to pick up the corresponding check.

Please issue the corresponding official receipt and submit the same to this Commission soon after the receipt of the said check.

Please be guided accordingly.

Adopted: 7 July 1995

(SGD.) EDUARDO T. MALINIS Deputy Insurance Commissioner Officer-In-Charge