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Clarification on Insurance Ownership Change by Rhyz Taruc-Consorte is a document available to read on EtoBox.

What is Clarification on Insurance Ownership Change about?

This legal opinion from the Philippine Insurance Commission addresses whether prior approval is required for an indirect change in ownership of an insurance or reinsurance broker in the Philippines. The Commission opines that approval is only required if the indirect change in ownership would affect the ownership structure of the domestic broker. Approval is not needed if the indirect ownership change does not impact the ownership of the domestic broker. The opinion is based on the specific facts provided a

Author

Rhyz Taruc-Consorte

Language

EN