Insurance Commission

Circular Letters

2024

Circular Letter No. 2024-04 | Application of Philippine Financial Reporting Standard 17 - Insurance Contracts ("PRFS 17") to the Audited Financial Statements ("AFS") and Reportorial Requirements of the Insurance Commission ("IC")
Circular Letter No. 2024-03 | Revised Framework on the Accreditation of External Auditors
Circular Letter No. 2024-02 | Discount Rates for Life and Non-Life Insurance Policy Reserves and Reserves for Long-Term Contracts of Health Maintenance Organizations (HMO) as of 31 December 2023
Circular Letter No. 2024-01 | Guidelines Defining Unsound Business Acts and Providing Administrative Fines for Violation Thereof

2023

Circular Letter No. 2023-15 | Guidelines on the Electronic Submission of the 2022 Annual Statements (AS), Audited Financial Statements (AFS) and Attachments_Life and Composite
Circular Letter No. 2023-14 | Guidelines on the Electronic Submission of the 2022 Annual Statements (AS), Audited Financial Statements (AFS) and Attachments_MBAs
Circular Letter No. 2023-13 | Discount Rates for Life and Non-Life Insurance Policy Reserves and Reserves for Long-Term Contracts of Health Maintenance Organizations (HMO) as of 31 March 2023
Circular Letter No. 2023-12 | Setting Aside Certain Usages of Terms, as well as its Applicability, and Certain Provisions in CL No. 2022-31 (Guidelines on Formal Closure of Liquidation Proceedings for Insurance Companies under Liquidation and Final Disposal and Distribution of Assets Including Unclaimed Benefits)
Circular Letter No. 2023-11 | Dissemination of AMLC Regulatory Issuance No. 4, series of 2021, or the 2021 AMLC Registration and Reporting Guidelines (ARRG)

2022

Circular Letter 2022-45 | Guidelines in the Renewal of Insurance Agent's License Expiring 31 December 2022
Circular Letter 2022-44 | Amended Quarterly Reportorial Requirement of Pre-Need Companies
Circular Letter 2022-43 | Dissemination of the Anti-Money Laundering Council (AMLC) Regulatory Issuance No. 3, Series of 2022
Circular Letter 2022-41 | Adoption of Own Risk and Solvency Assessment Framework
Circular Letter 2022-42 | Providing Additional Incentive in the Annual Corporate Governance Report (ACGR) to Insurance Companies Participating in the Philippine Catastrophe Insurance Facility (PCIF)
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2021

Circular Letter 2021-64 | Guidelines on the Adoption of a Regulatory Sandbox Framework for Innovations in the Insurance, Health Maintenance Organizations (HMO) and Pre-Need Industries
Circular Letter 2021-63 | Survey on Targeted Financial Sanctions
Circular Letter 2021-62 | Dissemination of the AMLC Regulatory Issuance (ARI) No. 6, Series of 2021 on Final Extenstion of the Deadline for Compliance with the AMLC Regulatory Issuances (ARI) A, B and C, No. 2 Series of 2018, also Known as the Guidelines Digitization of Customer Records (DIGICUR)
Circular Letter 2021-61 | Guidelines on the Minimum Paid-Up Capitalization and Net Worth Requirements for Cooperative Insurance Companies
Circular Letter 2021-60 | Guidelines on the Adoption of Regulatory Sandbox Framework for Piloting Agriculture Insurance
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Year 2020 - 2000 Circular Letters

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