IC CIRCULAR LETTER NO. 15-97, December 22, 1997

[ IC CIRCULAR LETTER NO. 15-97, December 22, 1997 ]

1996 INTEREST INCOME OF THE SECURITY FUND, LIFE AND NON-LIFE ACCOUNT

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 1996 shall be made on or before December 23, 1997.

ACCOUNT GROSS INTEREST INCOME ADMINISTRATIVE EXPENSES NET INTEREST INCOME

LIFE Ps 525,159.85 Ps 26,257.99 Ps 498,901.86

NON-LIFE 504,598.62 25,229.93 479,368.69

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: 22 Dec. 1997

(SGD.) EDUARDO T. MALINIS Insurance Commissioner