IC CIRCULAR LETTER NO. 18-96, October 24, 1996

[ IC CIRCULAR LETTER NO. 18-96, October 24, 1996 ]

1995 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 1995 shall be made on or before November 7, 1996.

ACCOUNT

GROSS

ADMINISTRATIVE

NET

Interest

Expenses

Interest

Income

Income

Life Ps487,827.96

Ps24,391.40

Ps463,436.56

Non-Life 505,913.58

25,295.68

480,617.90

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: 24 Oct. 1996

(SGD.) EDUARDO T. MALINIS Insurance Commissioner