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2018 Legal Opinion

Legal Opinion Number	Subject	Date Issued
LO-2018-01	Proper Interpretation of Section 39.2 (c) Rule XI of the 2016 Implementing Rules and Regulations of Republic Act No. 9184 Pertaining to Performance Bonds	05 January 2018
LO-2018-02	Wordings of Performance Bond “Up to Final Acceptance of the Project”	25 January 2018
LO-2018-03	Inquiry on the Matter of Doing Business in the Philippines	30 January 2018
LO-2018-04	Clarification on the Engagement of Product Specialist in Relation to Insurance Brokerage	02 March 2018
LO-2018-05	Shared Services Agreement between Philippine AXA Life Insurance and AXA Shared Services Centre Philippines	05 March 2018
LO-2018-06	Shared Services Agreement between Philippine AXA Life Insurance and Charter Ping An Insurance Corporation	05 March 2018
LO-2018-07	Clarification on Section 2.4 of Insurance Memorandum Circular No. 2-85	07 March 2018
LO-2018-08	Use 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 Agent	13 March 2018
LO-2018-09	Foreign Ownership of Shares in a Domestic Insurance Company	05 April 2018
LO-2018-06A	Clarification and Confirmation regarding One Management Arrangement between AXA Philippines and Charter Ping An	16 April 2018
LO-2018-10	Investment Restrictions of Directors and Officers of Pre-Need Companies	16 April 2018
LO-2018-11	Applicability 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 Channel	30 April 2018
LO-2018-12	Application of Article 2012 of the Civil Code of the Philippines on the Designation of Beneficiary/ies of a Life Insurance Policy	17 May 2018
LO-2018-13	Determining the Qualification of a Foreign National with Pending Application for a Refugee Status to Undertake the Insurance Agent’s Examination	23 July 2018
LO-2018-14	Use of the AXA Trademark by Charter Ping An Insurance Corporation	25 July 2018
LO-2018-15	Request for Certification and/or Clarification with regard to Foreign Equity Ownership of Domestic Non-Life Insurance Company	03 September 2018
LO-2018-16	Request for Clarification on Outsourcing Arrangement Between; (1) Insurance Company of North America (a Chubb Company) (“Chubb Philippines”); and (2) its affiliate PEZA-registered entity, Chubb Business Services	15 October 2018
LO-2018-17	Outsourcing of Third Party/Payment Gateway Provider for Premium Collection on behalf of a Brokering Company	19 November 2018

2017 Legal Opinion

Legal Opinion Number	Subject	Date Issued
LO-2017-01	Amendment of Articles of Incorporation of a Reinsurance Company to add a Secondary Purpose	18 May 2017
LO-2017-02	Certain Insurance Policies that may be Issued by a Non-Life Insurance Company	23 May 2017
LO-2017-03	Inquiry Regarding Exemption from Garnishment and/or Execution of Variable Life Insurance Policy	15 June 2017
LO-2017-04	Number of Life Insurance Companies Allowed to be Represented by an Agent	03 July 2017
LO-2017-05	Insurability of Exemplary Damages (Re: Directors and Officers Liability Insurance Coverage)	12 July 2017
LO-2017-06	Inquiry regarding Out-sourcing of Personnel	25 August 2017
LO-2017-07	Power of a Corporation to Act As An Insurance Agent	15 September 2017
LO-2017-08	Request for clarification on the Provisions of IC Circular No. 2015-20	30 October 2017

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