RMC No. 07-2017 — Circularizes the pertinent content of the letter issued by the Insurance Commission on the cessation of business by Far Eastern Surety and Insurance Company

BUREAU OF INTERNAL REVENUE RECORDS MGT. DIVISION JAN 1 0 2017 G: 3F AM. ma Quezon City RECEIVED

December 14,2016

REVENUE MEMORANDUM CIRCULAR NO..7- 30 /

SUBJECT Publishing the Pertinent Content of the Letter Issued by the Insurance Commission on the Cessation of Business by FAR EASTERN SURETY AND INSURANCE COMPANY

TO . All Internal Revenue Officials, Employees and Others Concerned

Mila Teresita S. J. Racelis, as Conservator of the Insurance Commission, informing the Bureau of Internal Revenue, as follows: This Circular is hereby issued to circularize the August 31, 2016 letter issued by Atty

"XXX under Conservatorship effective 14 April, 2016. The undersigned was the Insurance Code, as amended by Republic Act No. 1067. Order against Far Eastern Surety and Insurance Company to cease and Desist from doing insurance business and simultaneously placing it designated as Conservator of the company pursuant to Section 255 of "Please be informed that the Insurance commission issued an

the consent of the Insurance Commission or the undersigned. accept or entertain any business with the aforesaid company without In this connection, you are hereby enjoined not to transact.

should be addressed to the Conservatorship, Receivership and Liquidation Division of the Insurance Commission through Atty. John A. Apatan or the undersigned at 2518 Oroquieta St., Sta. Cruz, Manila. All claims, Orders, Notices and similar communications

Please be guided accordingly.

XXX

to give this Circulars as wide a publicity as possible All internal revenue official, employees and others concerned are hereby enjoined

LT iaaye

J- NSV ERV CP RGC GRM NDP EBQ RRT GFFIOE DE DCIR -OERAPIONS GRCUP Yi2 V 2e Commission CAESAR R. DULAY r of Internal Revenue 002829

UREAL OF INTERNAL PEVESSE