December 28, 2005
NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT
IN THE MATTER OF PHILAM PLANS, INC., registrant.
REGISTRATION/LICENSING OF P200 MILLION WORTH OF LIFE PLANS
NOTICE AND ORDER
Notice is hereby given that on December 9, 2005, a sworn registration statement was filed with the Securities and Exchange Commission for and on behalf of PHILAM PLANS, INC. for the additional registration and licensing of P200 million worth of Life Plans to be sold at the following gross contract prices based on annual installments:
Payment Term | ||||
| Type of Plan | Spot Cash | Five-Pay | ||
Minimum | Maximum | Minimum | Maximum | |
| Philam Basic Life Plan | n.a. | P20,000 | P100,000 | |
| Philam Ultima Life Plan | P48,600 | P129,600 | 54,000 | 144,000 |
| Philam Enhanced Life Plan | 153,000 | 1,530,000 | 170,000 | 1,700,000 |
| (Option 50) | ||||
| Philam Enhanced Life Plan | 270,000 | 2,700,000 | 300,000 | 3,000,000 |
| (Option 100) |
(Option 100)
Note: Details by mode of payment are available in the actuarial feasibility study filed with the SEC.
According to the papers presented, the following persons appear to be the officers/directors of the corporation:
Name | Position |
| Jose L. Cuisia, Jr. | Chairman |
| Jesus G. Hofilena | President and CEO |
| Reynaldo C. Centeno | Director |
| Edgardo A. Grau | Director |
| Teresita O. Salonga | Director |
| Anthony B. Sotelo | Director |
| Victor Tan | Director |
| Ma. Fe R. Velasco | Director |
| Jose Marie A. Franco | Director |
| Manuel L. Ortega | Corporate Secretary |
Said application for registration and other documents attached thereto are...
