On Jan. 24, 2025, PHI INS announced extension for insurance company and agent license renewal applications, which applies to licenses expiring Dec. 31, 2024.
Late applications must include penalty payment of PHP 500 per calendar day.
PHI INS will accept late renewal applications from Jan. 2, 2025, to Mar. 31, 2025.
Document dated Jan. 24, 2025, received from PHI INS Jan. 27, summarized Jan. 28.
On Sep. 23, PHI INS issued advisory regarding application for renewal.
PHI INS issued an advisory, of Sep. 20, re the submission of applications for renewal of licenses expiring on Dec. 31, 2024, for all regulated entities, as well as individuals.
Entities, individuals are encouraged to submit their renewal applications no later than Nov. 13, 2024; submission of renewal application does not grant authority or a license.
Follows PHI INS Sep. 2024 issued rules on applications for license renewals, #186155.
Oct. 2024 Renewal Guidance
On Oct. 28, 2024, PHI INS issued a circular on guidelines for the renewal of insurance agent licenses expiring on Dec. 31, 2024, setting out documentary requirements.
Jan. 2025 Renewal Extension
On Jan. 24, 2025, PHI INS announced extension for insurance company and agent license renewal applications, which applies to licenses expiring Dec. 31, 2024.
Late applications must include penalty payment of PHP 500 per calendar day.
PHI INS will accept late renewal applications from Jan. 2, 2025, to Mar. 31, 2025.
Document dated Jan. 24, 2025, received from PHI INS Jan. 27, summarized Jan. 28.
