July 31, 1987
SEC-BED * MEMORANDUM CIRCULAR NO. 10-87
| TO | : | All Corporate Issuers of Pre-need Plan |
| SUBJECT | : | Submission of Monthly Sales Report |
In order to effectively facilitate the monitoring of the monthly sales report, all concerned pre-need plan, pension plan and similar contract issuers shall submit periodic reports, subject to the following conditions: prcd
1. That within thirty (30) days from date hereof and within the first fifteen (15) days of every month thereafter, the issuer shall submit to the Commission a monthly sales report under oath executed in its behalf by its Treasurer or any other officers; and
2. That the form and content of the monthly sales report shall include the following:
a) a list containing the names of the planholders;
b) the type of plans purchased;
c) the value of plans purchased;
d) the total number of plans sold and the total amount paid thereon; and
e) the dates of maturity of the plan.
For strict compliance of all concerned. Cdpr
(SGD.) MONICO V. JACOB
Associate Commissioner
