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IC orders halt on operations of Intra Strata Assurance
The Philippine Star
|September 18, 2025
The Insurance Commission (IC) has issued a cease and desist order against non-life insurer Intra Strata Assurance Corp. (ISAC), citing its failure to comply with legal and regulatory requirements set forth by the law.
In a notice to the public, IC said ISAC failed to meet the obligatory demands in accordance with Republic Act 10607, or the amended insurance code of the Philippines.
With the restraining order, IC has suspended ISAC’s certificate of authority, which essentially prevents the company from engaging in any new insurance transactions or conducting business of any kind or nature.
Bu hikaye The Philippine Star dergisinin September 18, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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