Related IATF Resolutions

1. IATF Resolution No. 19, G

2. EO 112, IATF Reso. No. 30, 30-A, and the Implementing Guidelines

Related Advisories

AdvisoryTitle
Administrative Advisory No. 2020-AA-030 dated 06 August 2020Temporary Suspension of Services at the Records Section – Administrative Division on 12 and 14 August 2020
Administrative Advisory No. 2020-AA-029 dated 05 August 2020Temporary Suspension of Operations of some IC Divisions on 06 August 2020
Advisory No. 25-2020 dated 30 July 2020Implementation of Insurance Commission Appointment Reservation (ICare) System(ICare System - User Guide)
Advisory No. 24-2020 dated 30 July 2020Insurance Commission (IC) and Land Bank of the Philippines (LBP) ePayment System Expanded Transaction Types (ePayment System - User Guide)
Administrative Advisory No. 2020-AA-028 dated 30 July 2020Work Suspension for the Insurance Commission (IC) Head Office and District Offices on 31 July 2020, in observance of Eid’l Adha (Feast of Sacrifice)
Administrative Advisory No. 2020-AA-027Insurance Commission Main Office closed on 22 to 26 July 2020
Advisory No. 23-2020 dated 17 July 2020EXTENSION OF DEADLINE FOR SUBMISSION OF QUARTERLY REPORT ON SELECTED FINANCIAL STATISTICS (QRSFS) AND NEGATIVE LIST OF OFFICERS AND EMPLOYEES FOR 2O2O
Advisory No. 22-2020 dated 14 July 2020INSURANCE COMMISSION RULING ON IC CIRCULAR LETTER (CL) NO. 2020-61 REPORTORIAL REQUIREMENT DEADLINES AND THEIR APPLICABILITY
Advisory No. 21-2020 dated 14 July 2020Extension of Deadlines to Comply with CL No. 2019-65 and CL No. 2020-08, as Amended by CL 2020-68
Advisory No. 20-2020 dated 09 July 2020ONLINE SUBMISSION OF FACULTATIVE PLACEMENTS ABROAD AND PARTICULARS OF REINSURANCE TREATY (CONSOLIDATED LIST OF FACULTATIVE REINSURANCE PLACEMENTS ABROAD FORM)
Advisory No. 19-2020 dated 13 July 2020OPERATIONS IN AREAS PLACED UNDER ENHANCED COMMUNITY QUARANTINE (ECQ)
Advisory No. 18-2020 dated 06 July 2020Deadlines of Submission of Quarterly and Annual Reports for the Compilation of the Other Financial Corporations Survey (OFCS) for 2020
Advisory No. 17-2020 dated 06 July 2020Extension on the Deadline of Submission for the Quarterly Report on the Selected Financial Statistics (QRSFS) for the Quarter Ending 30 June 2020
Advisory No. 16-2020 dated 01 July 2020EXTENSION ON THE DEADLINE OF SUBMISSION FOR THE AUDITED ANNUAL REPORT FOR THE COMPILATION OF OTHER FINANCIAL CORPORATIONS SURVEY ("OFCS")
A2ii Newsflash| The Philippines Issues InsurTech Regulatory Sandbox GuidelinesThe Philippines Issues InsurTech Regulatory Sandbox Guidelines
Advisory No. 15-2020 dated 18 June 2020Online Submission of Secretary's Certificate or Board Resolution on Authorized Signatories for Issued Surety Bonds and Contractor's All-Risk Policies
Advisory No. 14-2020 dated 11 June 2020FURTHER EXTENSION OF SUBMISSION OF ANNUAL REPORT ON FIRE AND MOTOR CAR POLICIES AND BONDS ISSUED IN CY 2019 PER CIRCULAR LETTER NO. 2019-73
Notice to the PublicPrudentialife Plans, lnc. (PPl) Memorial Planholders Tranche Distribution
Advisory No. 13-2020 dated 15 June 2020Period of Filing of 2019 Audited Financial Statements and 2019 Annual Statements (and its Required Attachments)
Advisory No. 12-2020 dated 11 June 2020Guidelines on the Electronic Submission of Audited Financial Statements and Attachments
Advisory No. 11-2020 dated 02 June 2020Submission of HMOs' 2019 Audited Financial Statements and Other Requirements under CL 2020-59
Notice to the PublicCease and Desist Order for PRIME CARE KAAGAPAY LIFE PLAN, lNC.
Advisory No. 10-2020 dated 01 June 2020Annexes of HMO Filing Requirements under lC Circular Letter No. 2020-59
Office Circular No. 2020-007 dated 30 May 2020Interim Guidelines for Alternative Work Arrangements in the Insurance Commission Head Office During the Community Quarantine Period (Annex A, Annex B), and Annex C)
Advisory No 08-2020 dated 18 May 2020Resumption of Operations and Working Hours of the Suretyship Unit
Advisory No 07-2020 dated 18 May 2020Resumption of Operations at the IC Cashier
Office Circular No. 2020-06Interim Administrative Protocols in the Insurance Commission During the Community Quarantine in the Philippines Due to COVID-19 Pandemic (Annex A and Annex B)
Advisory to the Public dated 01 May 2020EXTENSION OF SUBMISSION OF SURVEY FORM RELATIVE TO THE COVID-19
Presidential Communications Operations Office Advisory No. 03, S. 2020Extension of the Suspension of the Period to Resolve FOI Requests due to COVID-19
Advisory to the Public dated 17 April 2020SURVEY FORM RELATIVE TO THE COVID-19
Advisory to the Public dated 03 April 2020Work Suspension in Observance of Holy Week
IC Davao District Office Advisory dated 27 March 2020Skeletal Workforce and Reduced Working Schedule
IC Cebu District Office Advisory dated 23 March 2020Work Suspension at the IC Cebu District Office
Advisory to the Public dated 22 March 2020Operations at the IC Head Office (IC Manila Office)
IC Davao District Office Advisory dated 17 March 2020Suspension of All Scheduled Activities at the IC Davao District Office
Administrative Advisory No. 2020-AA-019Work Suspension at IC Manila from 17 March until further notice
Administrative Advisory No. 2020-AA-016Work Suspension at IC Manila from 16 March until 12 April 2020
Administrative Advisory No. 2020-AA-014Insurance Commission Work Suspension on 13 March 2020
Licensing Division Advisory No. 2020-002IC Head Office Work Suspension on 13 March 2020
Licensing Division Advisory No. 2020-001Suspension of Qualifying Agent's Examinations dated 11 March 2020
Administrative Advisory No. 2020-AA-013Insurance Commission’s (IC) precautionary measures to help prevent the spread of COVID-19

Related Circular Letters

Circular LetterTitle
Circular Letter 2020-83DISSEMINATION OF INFORMATION ON THE GEORISK PHILIPPINES INITITATIVE AS AN UNDERWRITING TOOL FOR NON-LIFE INSURANCE COMPANIES
Circular Letter 2020-82GUIDELINES ON SUSPENSION OF REGLEMENTARY PERIODS DURING THE MODIFIED ENHANCED COMMUNITY QUARANTINE (MECQ) PERIOD FROM 4 TO 18 AUGUST 2020
Circular Letter 2020-81GUIDELINES ON THE OPERATIONS OF REGULATED ENTITIES UNDER THE MODIFIED ENHANCED COMMUNITY QUARANTINE (MECQ) EFFECTIVE AUGUST 4 TO 18, 2020
Circular Letter 2020-80ONLINE UPLOADING OF QUARTERLY REPORTS ON SELECTED FINANCIAL STATISTICS (QRSFS) (Annex A, Annex B, Annex C, Annex D, and Annex E)
Circular Letter 2020-79DISCOUNT RATES FOR LIFE INSURANCE POLICY RESERVES AS OF 30 JUNE 2020
Circular Letter 2020-78DISCOUNT RATES FOR NON-LIFE INSURANCE POLICY RESERVES AS OF 30 JUNE 2020
Circular Letter 2020-77SUPPLEMENTAL GUIDELINES ON ANNUAL REPORTING OF BUSINESS PROCESS OUTSOURCING (BPO) ACTIVITIES UNDER SECTION 1 OF CIRCULAR LETTER NO. 2019-49, AS AMENDED BY SECTION 1 OF CIRCULAR LETTER NO. 2019-54
Circular Letter 2020-76ONLINE SUBMISSION OF REQUESTS FOR APPROVAL OF PRODUCTS/FORMS OR ANY OTHER RELATED REQUESTS (Annex A)
Circular Letter 2020-75SUBMISSION OF CATASTROPHE EXPOSURES -PROPERTY INSURANCE REPORTS (Annex A, Manual for Annex A, Annex B, Manual for Annex B, Annex C, and Annex D)
Circular Letter 2020-74GUIDELINES ON THE USE OF VIDEOCONFERENCING FOR THE CONDUCT OF HEARINGS AND OTHER PROCEEDINGS BEFORE THE CAD AND REPD
Circular Letter 2020-73GUIDELINES ON THE ADOPTION OF A REGULATORY SANDBOX FRAMEWORK FOR INSURANCE TECHNOLOGY (InsurTech) INNOVATIONS
Circular Letter 2020-72SUBMISSION OF THE ANNUAL CORPORATE GOVERNANCE REPORT (ACGR)
Circular Letter 2020-71REVISED CODE OF CORPORATE GOVERNANCE FOR INSURANCE COMMISSION REGULATED COMPANIES
Circular Letter 2020-70RECOGNITION OF DIGITAL PAYMENTS AS AN INTEGRAL PART OF INSURANCE TECHNOLOGY (INSURTECH), PROVIDING FOR ITS FRAMEWORK, AND ENCOURAGING ITS ADOPTION IN INSURANCE TRANSACTIONS
Circular Letter 2020-69GUIDELINES ON ISSUANCE OF TEMPORARY LICENSE TO NEW INSURANCE AGENT DURING THE STATE OF PUBLIC HEALTH EMERGENCY DUE TO THE CORONA VIRUS DISEASE 2019 (COVID-19)
Circular Letter 2020-68FURTHER EXTENSION OF PERIOD TO COMPLY WITH SECTION 29 OF CL NO. 2019-65 AND SUBMIT DULY ACCOMPLISHED AND CERTIFIED UNDER OATH AML AND CTF COMPLIANCE QUESTIONNAIRE UNDER CL NO. 2020-08
Circular Letter 2020-67DISSEMINATION OF ANTI-MONEY LAUNDERING COUNCIL'S ADVISORY ON CTRS, STRS, AND KYC DOCUMENTS SUBMISSIONS DURING THE MECQ UNTIL 31 MAY 2020
Circular Letter 2020-66INTERIM GUIDELINES ON THE DECLARATION AND/OR DISTRIBUTION OF DIVIDENDS WITH THE END IN VIEW OF CONSERVING CAPITAL DUE TO THE PROJECTED ECONOMIC IMPACT OF THE COVID-19 PANDEMIC
Circular Letter 2020-65INSURANCE COMMISSION'S COMPLIANCE WITH NATIONAL BUDGET CIRCULAR (NBC) NO. 580 DATED 22 APRIL 2020 ISSUED BY THE DEPARTMENT OF BUDGET AND MANAGEMENT ("DBM")
Circular Letter 2020-64DISSEMINATION OF THE ANTI-MONEY LAUNDERING COUNCIL (AMLC) REGULATORY ISSUANCE A, B, AND C NO. 1, SERIES OF 2020 ON THE AMENDMENTS TO CERTAIN PROVISIONS OF THE 2018 IMPLEMENTING RULES AND REGULATIONS (IRR) OF REPUBLIC ACT NO. 9160, AS AMENDED
Circular Letter 2020-63REGULATORY RELIEF FROM THE EXPOSURE LIMIT APPLIED TO FINANCIAL ASSISTANCE PROGRAM OF INSURANCE COMPANIES
Circular Letter 2020-62AMENDMENT OF SEC 1 OF CL NO. 2018-69; DEFERRAL OF IFRS 17 IMPLEMENTATION
Circular Letter 2020-61SUPPLEMENTAL GUIDELINES IN THE REVISED FRAMEWORK ON THE SELECTION OF EXTERNAL AUDITORS (EAs)
Circular Letter 2020-60REGULATORY RELIEF ON NETWORTH REQUIREMENTS AND GUIDELINES ON THE IMPLEMENTATION OF AMENDED RISK-BASED CAPITAL (RBC2) FRAMEWORK FOR CALENDAR YEAR 2020
Circular Letter 2020-59ONLINE SUBMISSION OF ANNUAL STATEMENTS, AUDITED FINANCIAL STATEMENTS AND ATTACHMENTS (Checklist - Life, Checklist - Non-Life, Checklist - Pre-Need, Checklist - MBAs, Checklist - HMOs (Annex A, Annex B, Annex C, Annex D, and Annex E) and Checklist - Brokers)
Circular Letter 2020-58REGULATORY RELIEF ON THE ADMITTANCE OF PREMIUMS RECEIVABLE DUE TO THE COVID-19 PENDEMIC
Circular Letter 2020-57OPERATIONS OF REGULATED ENTITIES UNDER THE MODIFIED ENHANCED COMMUNITY QUARANTINE (MECQ)
Circular Letter 2020-56GUIDELINES ON THE ISSUANCE OF CERTIFICATION PURSUANT TO REPUBLIC ACT (R.A.) NO. 9184 DURING THE PERIOD OF COMMUNITY QUARANTINE
Circular Letter 2020-55EXTENSION OF EFFECTIVITY OF CIRCULAR LETTER NO. 2020-29 DATED 30 MARCH 2020, AS AMENDED BY CIRCULAR LETTER NO. 2020-46 DATED 22 APRIL 2020, ON "GUIDELINES GOVERNING INITIATIVES OF LIFE INSURANCE COMPANIES TO SELL LIFE INSURANCE PRODUCTS TO THE PUBLIC DURING THE ENHANCED COMMUNITY QUARANTINE ('ECQ') PERIOD DUE TO THE COVID-19 PANDEMIC"
Circular Letter 2020-54EXTENSION OF EFFECTIVITY OF CIRCULAR LETTER NO. 2020-36 DATED 7 APRIL 2020 ON "GUIDELINES GOVERNING INITIATIVES OF NON-LIFE INSURANCE COMPANIES TO SELL NON-LIFE INSURANCE PRODUCTS TO THE PUBLIC DURING THE ENHANCED COMMUNITY QUARANTINE ('ECQ') PERIOD DUE TO THE COVID-19 PANDEMIC"
Circular Letter 2020-53PRIVACY LAW IMPLICATIONS OF DISCLOSURE OF CERTAIN PERSONAL INFORMATION TO THE NATIONAL BUREAU OF INVESTIGATION ("NBI")
Circular Letter 2020-52EXTENSION OF PERIOD TO UPLOAD THE COVERED COMPANIES' DULY ACCOMPLISHED ACGS RESPONSE FORMS TO THEIR RESPECTIVE WEBSITES
Circular Letter 2020-51SUPPLEMENTAL GUIDELINES GOVERNING THE EXEMPTION OF HEALTH INSURANCE PROVIDERS AND HMO PERSONNEL IN THE IMPLEMENTATION OF THE ENHANCED COMMUNITY QUARANTINE (ECQ)
Circular Letter 2020-50DISSEMINATION OF AMLC REGULATORY ISSUANCE (ARI) NO. 2, SERIES OF 2020, ON EXTENSION OF DEADLINE FOR COMPLIANCE WITH THE DIGICUR
Circular Letter 2020-49DISSEMINATION OF ANTI-MONEY LAUNDERING COUNCIL'S ADVISORIES ON SUBMISSION OF CTRS, STRS, AND KYC DOCUMENTS DURING THE ECQ PERIOD
Circular Letter 2020-48DISSEMINATION OF FINANCIAL ASSISTANCE PROGRAM FOR DEPENDENTS OF COVID-19 VICTIMS OF SGI PHILIPPINES GENERAL INSURANCE CO., INC.
Circular Letter 2020-47AMENDED GUIDANCE ON THE SUBMISSION OF QUARTERLY REPORTS ON FINANCIAL REPORTING FRAMEWORK (FRF), RISK-BASED CAPITAL (RBC2) AND INSURANCE POLICY RESERVE VALUATION STANDARDS, AND STATUS REPORT ON IFRS17
Circular Letter 2020-46AMENDMENT TO SECTION 1 OF CIRCULAR LETTER NO. 2020-29 DATED 30 MARCH 2020 ON GUIDELINES GOVERNING INITIATIVES OF LIFE INSURANCE COMPANIES TO SELL LIFE INSURANCE PRODUCTS TO THE PUBLIC DURING THE ENHANCED COMMUNITY QUARANTINE (ECQ) PERIOD DUE TO THE COVID-19 PANDEMIC
Circular Letter 2020-45AMENDMENTS TO CIRCULAR LETTER NO. 2019-71 PRODUCT OVERSIGHT AND GOVERNANCE
Circular Letter 2020-44GUIDELINES ON THE ELECTRONIC FILING OF COMPLAINTS, OTHER PLEADINGS, AND/OR MOTIONS DURING THE ENHANCED COMMUNITY QUARANTINE (ECQ) PERIOD DUE TO THE CORONA VIRUS DISEASE 2019 (COVID-19) PANDEMIC
Circular Letter 2020-43EXTENSION OF PERIODS FOR FILING AND SUBMISSION OF REGULATORY DOCUMENTARY REQUIREMENTS BY REASON OF THE EXTENSION OF THE ENHANCED COMMUNITY QUARANTINE (“ECQ”) UNTIL 30 APRIL 2020
Circular Letter 2020-42WAIVER OF NOTARIZATION REQUIREMENT AND USE OF ELECTRONIC SIGNATURE ON APPLICATIONS FOR ISSUANCE OF INSURANCE AGENT’S LICENSE DURING THE ENHANCED COMMUNITY QUARANTINE (ECQ)
Circular Letter 2020-41CLARIFICATION AS REGARDS SECTION 5 OF CIRCULAR
LETTER NO. 2020-12 ON SUSPENSION OF AUTOMATIC
APPROVALS OF TRANSACTIONS AND/OR APPLICATIONS
OR REQUESTS FOR SERVICES
Circular Letter 2020-40IMPLEMENTING GUIDELINES GOVERNING THE EXEMPTION OF HEALTH INSURANCE PROVIDERS AND HMOS PERSONNEL IN THE IMPLEMENTATION OF THE ENHANCED COMMUNITY QUARANTINE (ECQ) AS DIRECTED UNDER IATF RESOLUTION NO. 19
Circular Letter 2020-39CLASSIFYING MUTUAL BENEFIT ASSOCIATIONS (MBAS) AS HEALTH INSURANCE PROVIDERS UNDER IATF-EID RESOLUTION NO. 19, AND SUPPLEMENTING CIRCULAR LETTER NO. 2020-33
Circular Letter 2020-38GUIDELINES IN THE FILING OF PRE-NEED 2019 ANNUAL STATEMENTS (Annex A-1, Annex A-2, and Annex B)
Circular Letter 2020-37RELAXATION OF CUSTOMER IDENTIFICATION DOCUMENT REQUIREMENTS DURING ENHANCED COMMUNITY QUARANTINE (ECQ) DUE TO COVID-19 PANDEMIC
Circular Letter 2020-36GUIDELINES GOVERNING INITIATIVES OF NON-LIFE INSURANCE COMPANIES TO SELL NON-LIFE INSURANCE PRODUCTS TO THE PUBLIC DURING THE ENHANCED COMMUNITY QUARANTINE (ECQ) PERIOD DUE TO THE COVID-19 PANDEMIC
Circular Letter 2020-35DISCOUNT RATES FOR NON-LIFE INSURANCE POLICY RESERVES AS OF 31 MARCH 2020 (Annex A and B)
Circular Letter 2020-34DISCOUNT RATES FOR LIFE INSURANCE POLICY RESERVES AS OF 31 MARCH 2020 (Annex A and B)
Circular Letter 2020-33DECLARATION OF HMOs AND HEALTH INSURANCE COMPANIES AS HEALTH FRONTLINE SERVICES AND EXEMPTING THEM FROM THE ENHANCED COMMUNITY QUARANTINE (ECQ)
Circular Letter 2020-32Submission of Reportorial Requirements
Circular Letter 2020-31Submission of Financial Reportorial Requirements HMO
Circular Letter 2020-30Clarification as regards Section 5 of Circular Letter No. 2020-12 on Suspension of Automatic Approvals of Transactions and/or Applications or Requests for Services
Circular Letter 2020-29Guidelines Governing Initiatives of Life Insurance Companies to Sell Life Insurance Products to the Public During the Enhanced Community Quarantine (“ECQ”) Period Due to the COVID-19 Pandemic
Circular Letter 2020-28A Call to Provide Relief and Assistance Programs to Aid Sales Agents that Earn on Commission Basis During this COVID-19 Pandemic
Circular Letter 2020-27Extension of Period Under Circular Letter No. 2019-65 Dated 22 November 2019
Circular Letter 2020-26Period for Filing of 2019 Audited Financial Statements and Attachments without Penalty in View of the the COVID-19 Pandemic
Circular Letter 2020-25Guidelines on the Issuance of Extension of Coverage or Hold Cover in Insurance Policies, Pre-Need Plans and Agreements due to COVID-19 Pandemic in the Philippines
Circular Letter 2020-24A Call for Responsive Action on the Coverage of Covid-19 Coronavirus-Related Conditions in Health Insurance Policies and HMO Agreements
Circular Letter 2020-23Filing of Audited Financial Statements and Attachments (Annex A, Annex B, and Annex C)
Circular Letter 2020-22Valuation Standards for Health Maintenance Organization (HMO) Agreement Liabilities (Attachment, Addendum, and Annex A)
Circular Letter 2020-21Compliance with the PhP 900 Million Minimum Networth and Minimum Capital Investment Requirements as of 31 December 2019
Circular Letter 2020-20Filing of 2019 Annual Statements / 2019 Audited Financial Statements
Circular Letter 2020-19Guidelines Governing Initiatives of Life Insurance Companies to Grant Additional Benefits or Free Insurance Coverage to Customers Affected by COVID-19 Corona Virus Outbreak
Circular Letter 2020-18Guidelines regarding the extension of grace period of all Insurance, Pre-Need, and HMO Policies/Agreements due to COVID-19 Outbreak in the Philippines
Circular Letter 2020-17Revised Annual Statement Template - MBAs (Revised MBA Template)
Circular Letter 2020-16Filing of the 2019 Annual Statement for Mutual Benefits Associations (Annex A, MBA Format No. 1, 1A, 2, & 2A, and MBA Format No. 12)
Circular Letter 2020-15Filing of the 2019 Annual Statement for Life Insurance Companies and Life Units of Composite Insurance Companies (Annex A, Annex B, and Annex C)
Circular Letter 2020-14Special Guidelines in the Processing of Transactions by the Suretyship Unit of the Insurance Commission during the Community Quarantine Period
Circular Letter 2020-13Guidelines Strengthening COVID-19 Corona Virus related Claims Management Policies
Circular Letter 2020-12Guidelines Governing the Conduct of Business in the Insurance Commission during the Community Quarantine Period