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The Liquidator may also institute such actions as may be necessary in the appropriate court to collect and recover accounts and assets of PPLIC and to do such other acts as may be necessary to complete the liquidation as ordered by the Commissioner.

As Liquidator, I have to hire an IC-accredited external auditor to audit the financial statements of PPLIC and hire an accredited Actuary to determine the liquidation value of PPLIC’s liabilities to its policyholders and other creditors.

lris Sylvia Lucero Bonifacio Suite 507 Pacific Center Building San Miguel Ave., Ortigas Business Center 1605 Pasig City or Insurance Commission Thru Atty. Certificate of Full Payment (If plan has been fully paid) d.

It cannot resume business with safety to its policyholders and creditors and as public interest requires, ordered its liquidation.

The Commissioner had designated a Liquidator who, with convenient speed, reinsure its outstanding policies, convert the assets of the PPLIC to cash, sell, assign or otherwise dispose of these to the policyholders, creditors and other parties for the purposes of settling the liabilities or paying the debts of PPLIC.

———————————————- The Philippine Prudential Life Insurance Company (PPLIC) was placed by the Insurance Commission under CONSERVATORSHIP on November 4, 2016. Balon has been appointed as Philippine Prudential’s conservator.

PPLIC is no longer allowed to sell new insurance products pending compliance with regulatory requirements effective November 4, 2016. PPLIC policy holders can file their claims with the conservator together with all supporting documents detailing the nature of their claims, basis and amount of each and every claim, either personally or by mail. Balon: Suites 305-309 3rd Floor AIC Burgundy Tower ADB Avenue corner Sapphire and Garnet Roads Ortigas Center, Pasig City Phone: 902-2330 Here’s a Since Philippine Prudential Life Insurance Company is associated with Danvil Plans, we’re going to write some information about this company.

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