Page 5 - சிஇஆர்டிஐஎஃப்ஐசிஏடிஇ ஆஃப் அதிகாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SunStar + March 07, 2021 COUNTRYSIDE-BORN non-life insurance company Corporate Guarantee (CG) of the Laus Group of Companies over the weekend carved another milestone in its 23 years of valuing its commitment to stakeholders after meeting the P900-million capital requirement or net worth in its Certificate of Authority pegged by the Insurance Commission. In 2018, the Insurance Commission granted the renewal of CG’s three-year certificate of authority by the Insurance Commission. The certificate is for the period January 1, 2019 to December 31, 2021. The capital requirement for 2019 was pegged at P900 million, up from P550 million in 2016, and will be hiked to P1.3 billion on 2022. Established in 1997, CG (formerly Corporate Guarantee and Insurance Company or CGIC) has the exceptional distinction of being one of only two insurance companies in the Philippines operating outside Metro Manila, a stature attributed to LausGroup founder Levy P. Laus’ advocacy for co

United kingdomMetro manilaPhilippines generalThe philippinesDennis funaCertificate of authorityInsurance companyLaus group of companiesInsurance commissionLausgroup event centreInsurance commission of the philippinesCorporate guaranteeClaus groupIip philippinesCommissioner dennis funaNorthern luzon