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  • Current: Legal Opinions

Legal Opinions

2018 Legal Opinion

Legal Opinion NumberSubjectDate Issued
LO-2018-01Proper Interpretation of Section 39.2 (c) Rule XI of the 2016 Implementing Rules and Regulations of Republic Act No. 9184 Pertaining to Performance Bonds05 January 2018
LO-2018-02Wordings of Performance Bond “Up to Final Acceptance of the Project”25 January 2018
LO-2018-03Inquiry on the Matter of Doing Business in the Philippines30 January 2018
LO-2018-04Clarification on the Engagement of Product Specialist in Relation to Insurance Brokerage02 March 2018
LO-2018-05Shared Services Agreement between Philippine AXA Life Insurance and AXA Shared Services Centre Philippines05 March 2018
LO-2018-06Shared Services Agreement between Philippine AXA Life Insurance and Charter Ping An Insurance Corporation05 March 2018
LO-2018-07Clarification on Section 2.4 of Insurance Memorandum Circular No. 2-8507 March 2018
LO-2018-08Use of Alien Employment Permit and Special Investor’s Visa in lieu of the Alien Certificate of Registration and Immigrant Certificate of Residence in the Application for a license as Insurance Agent13 March 2018
LO-2018-09Foreign Ownership of Shares in a Domestic Insurance Company05 April 2018
LO-2018-06AClarification and Confirmation regarding One Management Arrangement between AXA Philippines and Charter Ping An16 April 2018
LO-2018-10Investment Restrictions of Directors and Officers of Pre-Need Companies16 April 2018
LO-2018-11Applicability of the Insurance Premium Cap Under IC Circular Letter (CL) No. 15-2007 dated 07 August 2007 on Insurance Products Brokered to Citibank Clients Through Telemarketing Channel30 April 2018
LO-2018-12Application of Article 2012 of the Civil Code of the Philippines on the Designation of Beneficiary/ies of a Life Insurance Policy17 May 2018
LO-2018-13Determining the Qualification of a Foreign National with Pending Application for a Refugee Status to Undertake the Insurance Agent’s Examination23 July 2018
LO-2018-14Use of the AXA Trademark by Charter Ping An Insurance Corporation25 July 2018
LO-2018-15Request for Certification and/or Clarification with regard to Foreign Equity Ownership of Domestic Non-Life Insurance Company03 September 2018

2017 Legal Opinion

Legal Opinion NumberSubjectDate Issued
LO-2017-01Amendment of Articles of Incorporation of a Reinsurance Company to add a Secondary Purpose18 May 2017
LO-2017-02Certain Insurance Policies that may be Issued by a Non-Life Insurance Company23 May 2017
LO-2017-03Inquiry Regarding Exemption from Garnishment and/or Execution of Variable Life Insurance Policy15 June 2017
LO-2017-04Number of Life Insurance Companies Allowed to be Represented by an Agent03 July 2017
LO-2017-05Insurability of Exemplary Damages (Re: Directors and Officers Liability Insurance Coverage)12 July 2017
LO-2017-06Inquiry regarding Out-sourcing of Personnel25 August 2017
LO-2017-07Power of a Corporation to Act As An Insurance Agent15 September 2017
LO-2017-08Request for clarification on the Provisions of IC Circular No. 2015-20 30 October 2017

Issuances

  • Laws
    • Amended Insurance Code R.A. 10607
    • The Insurance Code P.D. 612
    • Pre-Need Code R.A. 9829
    • IRR of R.A. 9829
    • Transfer of HMO EO 192, s. 2015
    • Insurance Guidelines on Rule XVI – RA8042
  • Circular Letters
  • Legal Opinions
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Regulated Entities

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Related Laws and Issuances

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  • Amended Insurance Code
  • Insurance Code
  • Pre-Need Code
  • IRR of Pre-Need Code
  • Transfer of HMO
  • Circular Letters
  • Insurance Memoranda
  • Department Orders
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Resources

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DOF Attached Agencies

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