IC CIRCULAR LETTER NO. 4, S. OF 2009, January 22, 2009
REVOCATION OF LIMITED LICENSES FOR 1. PERSONAL ACCIDENT 2. FIRE & MOTOR CAR
National Administrative Register January 22, 2009
Due to the issuance of Circular Letter No. 27-2008 which grants agent’s license for Accident and Health policies, the Insurance Commission
will no longer issue limited license for agents of Personal Accident
insurance. Those who intend to sell or solicit personal accident
insurance products shall have to apply for license to sell Accident and
Health policies.
will no longer issue limited license for agents of Personal Accident
insurance. Those who intend to sell or solicit personal accident
insurance products shall have to apply for license to sell Accident and
Health policies.
Agents who were already issued license for Personal Accident may
continue to possess the license and are allowed to renew their licenses.
The limited authority to solicit Fire and Motor Car insurance under
Circular Letter No. 12-99 CL is, likewise, revoked. Existing limited
licenses issued for this lines shall continue to be effective until the
date of their expiry. Hence, those intending to sell or solicit fire
and motor car insurance shall have to pass the qualifying examination
for non-life agents.
This Circular supersedes Circular Letter No. 11-97 and 12-99 and shall take effect on January 30, 2009.
Adopted: 22 Jan. 2009
(SGD.) EDUARDO T. MALINIS
Insurance Commissioner