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Banking and finance > INVESTMENT AND INSURANCE COMPANIES > Flashcards

INVESTMENT AND INSURANCE COMPANIES Flashcards

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1
Q

means any issuer which is or holds itself out as being engaged primarily, or proposes to engage primarily, in the business of investing, reinvesting, or trading in
securities

A

INVESTMENT
COMPANY

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2
Q

Known for investing company act

A

Republic act 2629

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3
Q

Securities Regulated Code

A

Republic Act 8799

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4
Q

ICA

A

Investment Company Act

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5
Q

SRC

A

Securities Regulation Code

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6
Q

IRR

A

Implementing Rules and Regulations

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7
Q

REQUIREMENTS FOR REGISTRATION
OF INVESTMENT COMPANIES

A

A. License Fee to operate as an Investment Company
B. Registration Statement

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8
Q

HOW LONG IS THE PROCESSING
OF APPLICATION?

A

45

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9
Q

means an investment company which is offering for sale or has outstanding any redeemable security of which is the issuer

A

Open-end Company

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10
Q

means any investment company other than an open-end company.

A

Closed-end company

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11
Q

with the objective to invest predominantly in or hold equity instruments.

A

Equity Fund

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12
Q

which invests in fixed income instruments such as bonds, treasury bills, certificates of deposit, promissory notes, bills of exchange, debentures, etc. It should not invest in shares, except redeemable preferred shares, or share warrants.

A

Bond Fund or Fixed Income Fund

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13
Q

that invests in both equity and fixed income instruments. The respective investments in either equity or fixed income shall not be less than thirty five percent (35%) but not more than sixty five percent (65%) of the NAV of the Investment Company.

A

Balanced Fund

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14
Q

at least ninety percent
(90%) of its net assets in a single CIS established by another Fund Manager, asset management company or fund operator, which shall not be a feeder fund.

A

Feeder Fund

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15
Q

at least fifty percent (50%) of its net assets in more than one (1) CIS established by another Fund Manager/s, asset management company/ies or fund operator/s.

A

Fund-of-Funds

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16
Q

with an objective of providing investors with a return that replicates or is linked to securities
indices as disclosed in its prospectus.

A

Index Fund

17
Q

invests in short-term fixed income securities with a portfolio duration of one (1) year or less.

A

Money market funds

18
Q

invests in a fixed or variable mix of both equity and fixed-income
instruments, as well as cash and cash-equivalents

A

Multi-asset/Asset Allocation Fund

19
Q

main business of an investment company is to

A

hold and manage securities

20
Q

TOP INVESTMENT MANAGEMENT COMPANIES IN THE PHILIPPINES

A

*AC Industrial Technology Holdings Inc.
*ATRAM Group
*Alsons Consolidated Resources Inc (ACR)
*Amalgamated Investment Bancorporation
*Antto Management & Investment Corporation
*Ateneo Management Economics Organization
*CGOC
*Child Protection Network
*Cocolife Asset Management Company, Inc.
*Cuervo Appraisers Inc.
*Empirica
*Fintech Ventures
*First Metro Asset Management Inc.
*First Shoshin Holdings Corp.
*ICCP Group
*Iridium Asia Holdings
*LINK Business PH
*Metro Pacific Investments Corporation
*Meyado Private Wealth Management Philippines
*Philippine Board of Investments (BOI)
*Pinetree Capital
*Pinnacle Sources Global Consultancy Inc
*Prime Asset Ventures, Inc. (PAVI)
*Seedbox Philippines
*TAO COMMODITY TRADER, INC
*Vicsal Investment, Inc.
*W Group

21
Q

collect premiums in advance of losses and need to invest these funds

A

INSURANCE COMPANIES

22
Q

government agency under the Department of Finance that supervises and regulates insurance, preneed, and health maintenance organization industries pursuant to Republic Act Nos. 10607, 9829, and Executive Order No. 192, series of 2015.

A

Insurance Commission

23
Q

It is an essential element in our
present day life, securing our standards of
living and the stability of our families, as well
as our property rights. Everyone in this
country feels the protecting arm in some form
of insurance and most of us are affected by
the many forms of its protection.

A

Insurance

24
Q

must form a business entity in
the Philippines. The most common business entity is a stock corporation,
and the new corporation needs to register with the Securities and Exchange
Commission.

A

new insurance (or reinsurance) company

25
Q

the most common business entity

A

stock corporation

26
Q

meet the capitalisation requirements and possess a valid certificate of authority to transact business from the Insurance Commission (Section 194 of the Insurance Code).

A

new insurance corporation

27
Q

Insurance contracts are highly regulated by the

A

Insurance Commission.

28
Q

MOSTCOMMONTYPESOF INSURANCE IN THE PHILIPPINES

A

Life Insurance
Term Life insurance
Whole Life Insurance
Universal Life Insurance
Variable Life Insurance
Health Insurance
Educational Insurance
Property Insurance
Travel Insurance

29
Q

In case the principal has
died, a lumpsum amount
will be given to the
principal’s family.

A

Life Insurance

30
Q

You will get benefit in case the policyholder dies, if s/he doesn’t die in the period of coverage, you may have nothing back. The terms depend on you – what age you will purchase or for how many years. Moreover, after the death of
the principal will also be investigated

A

Term Life insurance

31
Q

The insurance is good for
the entire lifetime of the
policyholder, however
premiums should be paid,
sometimes until the
policyholder dies. When
the policyholder dies, the
death benefit will be given
to the beneficiaries.

A

Whole Life Insurance

32
Q

In universal life
insurance, not only
will the policyholder
have death benefits
but also you can
have savings.

A

Universal Life Insurance

33
Q

Variable life insurance is a
bit similar to universal,
however, you could
control where to invest.
While the interest in
Universal is stagnant, in
the variable you could go
higher but it’s a bit risky
since you may get losses
too

A

Variable Life Insurance

34
Q

Most people have PhilHealth, insurance under the Philippine government. However, it is sometimes not enough especially if you are many in the family or if
you have a weak immune system.
Health insurance can also let you cover your immediate family at an additional price so that you can also pay less on their check-ups or incase they get hospitalized.

A

Health Insurance

35
Q

Tuition fees are increasing and we are not sure if we could afford to let our kids go to prestigious schools or universities, so we might as well invest in their future. Educational Insurance lets you save money in advance and you can cash-outs for tuition payments or school allowance and education benefits

A

Educational Insurance

36
Q

have a car or a motorcycle, then you
need to have this insurance. In case your car
gets damaged or you or your family members
riding the vehicle gets in an accident. The cost
will depend on your car’s cost and how many
persons are in the vehicle. There might be
deductibles too.

A

VEHICLEANDACCIDENTINSURANCE

37
Q

insurance for homeowners is property insurance in case
of accidents like fire, theft, earthquake, floods and many more. If your area is prone to fire or flood, then it is better if you own this so that if such happens, you don’t
start from scratch. It covers the house and what is inside. You’ll have money to repair your house and buy new equipment.

A

Property Insurance

38
Q

Off to travel? Ride a plane or a boat or go to another country? Well, you need to have travel insurance that covers you in case you will lose your baggage, you’ll have delays or you get into an accident. It’s better safe than sorry, so you need to have an insurance ready in case something you do not like or did not expect happens.

A

Travel Insurance

39
Q

Requirements for registration of investment companies

A

prospectus
product highlight sheet
financial statement

Banking and finance (6 decks)

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