Insurance Commission(IC)

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Date: Nov. 8, 2021, 5:33 p.m.

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Date: 2021-11-09 14:05:42.000000

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Clarification of Licenses Issued

Published by Insurance Commission(IC) on Nov. 8, 2021.
Requested from IC by C. Apostol at 05:33 PM on Nov. 8, 2021.
Purpose: Research
Date of Coverage: 11/30/2020 - 12/31/2020
Tracking no: #IC-200701177091

R.PRUDENTE Nov. 8, 2021, 5:33 p.m.

I would like to request information on the licenses issue by the Insurance Commission. Many agents call themselves as Licensed Financial Advisors, but I can not find any documentation about this "Licensed Financial Advisors" I know that there are those who are licensed to sell traditional insurance, and I think they are called "Licensed Life Undewriters" I know that there are those who are licensed to sell VUL insurance, and they call themselves "Licensed Financial Advisors" which I think they are not. What licenses are issued by the IC?

E.IGNACIO Nov. 9, 2021, 2:05 p.m.

November 9, 2021 Dear Roberto Prudente, I refer to my letter of Nov 08, 2021 05:33:17 PM about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Clarification of Licenses Issued. In order for us to work on your request, we need more information from you. In particular, please fill up all mandatory fields pertaining to your contact information and kindly attached a valid identification as part of the requirement and verification purposes. You may use the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTIwMDcwMTE3NzA5MQw, for request with ticket number #IC-200701177091, to respond. During the period of us awaiting your reply, your request will be put on hold. If we do not receive a reply on or before Feb 01, 2022 06:05:23 AM, your request will be closed. We hope to hear from you at the soonest possible time. Thank you. Respectfully, Edmar Ignacio FOI Officer

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