Insurance Commissioner Dennis B. Funa has given his go signal for the liquidation of Philippine Phoenix Surety and Insurance Inc.
In a notice, Funa said the Insurance Commission (IC) deemed Philippine Phoenix Surety and Insurance due for liquidation after it was earlier placed under conservatorship and receivership.
Parties having claims against the company are hereby notified to file their claims under oath with the liquidator not later than 180 days from March 26 until Sept. 22, 2017, together with all supporting documents detailing the character, basis and amount of each and every claim, either personally or by mail directly to the Insurance Commission, for consideration in the companys liquidation pursuant to pertinent provisio…
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