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  • Home » 
  • Issuances » 
  • Current: Legal Opinions

Legal Opinions

2021 Legal Opinion

Legal Opinion NumberSubjectDate Issued
LO-2021-10Query on Motor Insurance23 June 2021
LO-2021-09Request for Legal Opinion on whether an Insurance Broker may engage in non-insurance related business20 April 2021
LO-2021-08LEGAL OPINION ON MICRO-FINANCE NON-GOVERNMENT ORGANIZATIONS (MFNGO) OFFERING MICROINSURANCE TO POOR AND LOW-INCOME INDIVIDUALS WHO ARE NOT ITS EXISTING CLIENTS/BORROWERS13 April 2021
LO-2021-07Request for Legal Opinion11 March 2021
LO-2021-06Filipinos temporarily based overseas applying for Life Insurance03 March 2021
LO-2021-05Query on the period of validity of performance securities issued pursuant to Republic Act (R.A.) No. 9184, otherwise known as the "Government Procurement Reform Act"02 March 2021
LO-2021-04Request for Legal Opinion on Geographical Limitation in Accordance with IC Circular Letter No. 2020-10914 January 2021
LO-2021-03Sale of lnsurance/HMO Products Abroad21 January 2021
LO-2021-02Request for Clarification in Relation to !C Legal Opinion No. 2020-0721 January 2021
LO-2021-01Legal Query on Extended Warranties/lndemnification19 January 2021

2020 Legal Opinion

Legal Opinion NumberSubjectDate Issued
LO-2020-17Legal lnquiry on Whether TakeCare Asia Philippines, lnc. is Under the Jurisdiction of the lnsurance Commission29 December 2020
LO-2020-16lnquiry on the Application of the lnsurance Code11 December 2020
LO-2020-15Legal Opinion on ASA Philippines Foundation, Inc.’s Double Assistance and Maaasahan Programs16 November 2020
LO-2020-14Request for Interpretation of Provision of Typhoon Endorsement19 October 2020
LO-2020-13Request for Legal Opinion on Government Mandated Mass Repatriation01 October 2020
LO-2020-12Location of Data Servers29 September 2020
LO-2020-11Alleged Inconsistency in Deadline Dates15 September 2020
LO-2020-10Request for Clarification (Commission's Prior Approval on Indirect Change in Ownership of an Insurance and/or Reinsurance Broker)27 August 2020
LO-2020-09Validity of Deductions of MBA Member-Borrower’s Outstanding Obligation from Post-Service Benefits26 August 2020
LO-2020-08Effect of Inclusion of as Surety Company in the Negative List of the Government Procurement Policy Board (GPPB)19 August 2020
LO-2020-07Request for Legal Opinion on Accrual of Penalties07 August 2020
LO-2020-06Request for Legal Opinion on the Certificate of No Claim Requirement for Third-Party Property Damage Claims in Motor Insurance07 August 2020
LO-2020-05Request for Legal Opinion on Effective Date of Insurance Coverage21 July 2020
LO-2020-04(Clarification) Applicability of Extension of Non F2F Selling in Areas Under GCQ05 May 2020
LO-2020-03Request for the Formal Interpretation of Deductible Amount of Validated Claims for Damages against Contractor’s All Risk Insurance (CARI)11 March 2020
LO-2020-02Insured’s Right to Designate Beneficiary04 March 2020
LO-2020-01Request for Legal Opinion on Claim for Death Benefit Proceeds29 January 2020

2019 Legal Opinion

Legal Opinion NumberSubjectDate Issued
LO-2019-14Legal Opinion on the Letter of Guarantee Issued by The Thomas Miller P&I Club which was Posted as Collateral Security for the Surety Bond Issued by Visayan Surety and Insurance Corporation27 December 2019
LO-2019-13Termination of Group Credit Life Insurance22 November 2019
LO-2019-12Request for Legal Opinion22 November 2019
LO-2019-11Compliance with CL No. 2018-06 in connection with AMLC Resolution No. 107-2017, AMLC Regulatory Issuance (A) No. 4-201730 October 2019
LO-2019-10Request for Legal Opinion (Mitsui & Co. (Asia Pacific) Pte. Ltd)29 October 2019
LO-2019-09Request for Legal Opinion on the Obligation to Conduct Customer Due Diligence, Covered Transaction Report & Suspicious Transaction In Compliance with IC CL No. 2018-4818 October 2019
LO-2019-08AComprehensive Motor Insurance on Trailers19 June 2019
LO-2019-08Motor Insurance Policy Coverage for Articulated Vehicles18 June 2019
LO-2019-07BIMA's Proposed Business Model in Partnership with Globe Telecommunications, lnc.29 May 2019
LO-2019-06Assignment of a Company as the Beneficiary under CCT MBA's Basic Life Insurance Plan or BLIP02 April 2019
LO-2019-05Request for Legal Opinion on the Application/Enrollment Form of Microinsurance25 March 2019
LO-2019-04Inquiry on whether Starr International Insurance Philippines Branch is subject to strict compliance of the Insurance Commission (IC) Circular Letter (CL) No. 2018-36 dated 26 June 201819 March 2019
LO-2019-03Clarification on Compulsory OFW Insurance14 March 2019
LO-2019-02Inquiry on Firearms Bonds15 February 2019
LO-2019-01The Certificate of Authority to Issue Surety Bonds in Favor of the Government in Connection with 1CISP’s Accreditation with the Supreme Court15 February 2019

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
LO-2018-16Request 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 Services15 October 2018
LO-2018-17Outsourcing of Third Party/Payment Gateway Provider for Premium Collection on behalf of a Brokering Company19 November 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
    • Republic Act 11571
  • Circular Letters
  • Legal Opinions
  • Insurance Commission Ruling
  • Department Orders
  • Insurance Memoranda
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Regulated Entities

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Related Laws and Issuances

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

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DOF Attached Agencies

  • Bureau of Internal Revenue
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  • Central Board of Assessment Appeals
  • Philippine Deposit Insurance Corporation
  • Philippine Export - Import Credit Agency
  • Privatization and Management Office