INVESTMENT AND INSURANCE COMPANIES Flashcards
mahirap
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
INVESTMENT
COMPANY
Known for investing company act
Republic act 2629
Securities Regulated Code
Republic Act 8799
ICA
Investment Company Act
SRC
Securities Regulation Code
IRR
Implementing Rules and Regulations
REQUIREMENTS FOR REGISTRATION
OF INVESTMENT COMPANIES
A. License Fee to operate as an Investment Company
B. Registration Statement
HOW LONG IS THE PROCESSING
OF APPLICATION?
45
means an investment company which is offering for sale or has outstanding any redeemable security of which is the issuer
Open-end Company
means any investment company other than an open-end company.
Closed-end company
with the objective to invest predominantly in or hold equity instruments.
Equity Fund
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.
Bond Fund or Fixed Income Fund
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.
Balanced Fund
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.
Feeder Fund
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.
Fund-of-Funds
with an objective of providing investors with a return that replicates or is linked to securities
indices as disclosed in its prospectus.
Index Fund
invests in short-term fixed income securities with a portfolio duration of one (1) year or less.
Money market funds
invests in a fixed or variable mix of both equity and fixed-income
instruments, as well as cash and cash-equivalents
Multi-asset/Asset Allocation Fund
main business of an investment company is to
hold and manage securities
TOP INVESTMENT MANAGEMENT COMPANIES IN THE PHILIPPINES
*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
collect premiums in advance of losses and need to invest these funds
INSURANCE COMPANIES
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.
Insurance Commission
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.
Insurance
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.
new insurance (or reinsurance) company
the most common business entity
stock corporation
meet the capitalisation requirements and possess a valid certificate of authority to transact business from the Insurance Commission (Section 194 of the Insurance Code).
new insurance corporation
Insurance contracts are highly regulated by the
Insurance Commission.
MOSTCOMMONTYPESOF INSURANCE IN THE PHILIPPINES
Life Insurance
Term Life insurance
Whole Life Insurance
Universal Life Insurance
Variable Life Insurance
Health Insurance
Educational Insurance
Property Insurance
Travel Insurance
In case the principal has
died, a lumpsum amount
will be given to the
principal’s family.
Life Insurance
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
Term Life insurance
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.
Whole Life Insurance
In universal life
insurance, not only
will the policyholder
have death benefits
but also you can
have savings.
Universal Life Insurance
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
Variable Life Insurance
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.
Health Insurance
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
Educational Insurance
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.
VEHICLEANDACCIDENTINSURANCE
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.
Property Insurance
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.
Travel Insurance
Requirements for registration of investment companies
prospectus
product highlight sheet
financial statement
