On Mar. 31, PHI INS issued circular re financial statement submission.
PHI INS issued guidelines on electronic submission of health maintenance organizations (HMO) audited financial statements (AFS), superseding existing guide.
Document dated Mar. 31, 2025, received from PHI INS Apr. 1, summarized on Apr. 4.
Online Submission
All HMOs must submit their AFS and attachments through IC online uploading portal.
Documents must be arranged numerically in sub-folders according to item numbers indicated in annex A, all items in checklist must be submitted in one compressed, password-protected folder, formats, headings, footnote instructions strictly followed.
Effectiveness
Submission deadline is 11:59 PM, May 31 annually, moving to the next working day if May 31 falls on a weekend or holiday; incomplete submissions will not be accepted, and company will be notified about missing items; PHI INS will issue order of payment.
The circular takes effect immediately as of Mar. 31, 2025.
