IC CIRCULAR LETTER NO. 16-2004 REPORTING OF CERTIFICATE OF COVERS ON RECAPITULATION 1 OF THE ANNUAL STATEMENT August 02, 2004

Starting with the year 2004, all non-life companies are hereby enjoined to report in the Annual Statement, under Recapitulation 1 - Premiums Written and Premiums Earned, the number of COCs issued under CMVL-LTO and CMVL-NON-LTO.  Consequently, a separate column will be added in the said recapitulation as indicated in the attached form^*.

For strict compliance.

Adopted: 2 Aug. 2004

Available at Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City.