March 31, 2005
NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT
IN THE MATTER OF PHILAM PLANS, INC., registrant.
REGISTRATION/LICENSING OF P4.0 BILLION WORTH OF PENSION PLANS
NOTICE AND ORDER
Notice is hereby given that on March 28, 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 P4.0 billion worth of PANGARAP pension plans to be sold at the following gross contract prices based on annual installments:
Payment Term | Basic | Insurance Plus | ||
(Year) | Minimum | Maximum | Minimum | Maximum |
| Five Year 1 | P4,132.0 | P5,292.0 | P4,412.0 | P5,579.0 |
| Seven Year 2 | 6,649.0 | 5,448.0 | 6,823.0 | 5,706.0 |
| Ten Year 1 | 5,010.0 | 5,679.0 | 5,229.0 | 5,834.0 |
Note: Details by mode of payment are available in the actuarial feasibility study filed with 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 |
| Josefino R. Sto. Domingo | Director |
| Ma. Fe R. Velasco | Director |
| Jose Marie A. Franco | Director |
| Manuel L. Ortega | Corporate Secretary |
Said registration statement and other documents attached thereto are open to inspection by interest parties during business hours, and copies thereof, photostatic or otherwise, shall be...
