July 16, 2008
NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT
IN THE MATTER OF PERMANENT PLANS, INC., registrant.
REGISTRATION AND LICENSING OF NEW PARTICIPATING FIXED VALUE LIFE PLANS
ORDER
On 26 February 2008, a Petition was filed with the Securities and Exchange Commission for and on behalf of PERMANENT PLANS, INC. for the registration/licensing of New Participating Fixed Value Life Plans called the "Destiny Basic" and "Destiny Advantage" to be applied to the remaining unsold securities covering 29,223 plans worth P490,244,216.90 as of 31 December 2007 registered pursuant to Pre-Need Order No. 374 series of 2006. HIETAc
Upon consideration of the petition and the documents attached in support thereto, the Commission rendered effective the petition of the aforesaid securities subject to the prescribed terms and conditions stated in the Permit.
Accordingly, a Certificate of Registration and Permit to Offer Securities for Sale worth P500,000,000.00 under Pre-Need Order No. 374 dated 22 December 2006 is hereby amended authorizing the sale of the remaining unsold licensed securities as of 30 June 2008 covering 29,012 fixed value life plans worth P486,684,772.90 to the new Participating Fixed Value...
