Subject: 2014 Renewal of Advi sors Certificate of Authority for Traditional and VUL Licenses We are pleased to present to you and your advisors the simplified process for the renewal of your life insurance licenses this year. As mandated by the Insurance Commission, all licenses issued, renewed or revived in 2013 are due for renewal on or before J une 30, 2014. To ensure that you and your advisors are able to continue selling, we are providing you with a 3-step process to renew your license. Furthermore, we are making license renewal more convenient by providing you with the option to charge your renewal fees to your Statement of Account (SOAs).
Step 1: Simply print and accomplish the attached license renewal form along with all necessary documents and submit to your respective Licensing Account Officers.
Step 2: Pay for your license renewal fees via SOA charging on the condition that you and your advisors are on credit balance. Advisors/Leaders on debit status must pay their renewal fees via the Philam Life Cashiers.
Step 3: Submit the complete renewal documents to your respective Licensing Account Officers on or before May 31, 2014 to avoid penalty charges. Submissions and payments made after May 31, shall be considered as late filing and shall therefore incur a corresponding penalty based on the attached Schedule of Payment for Late Renewals (Traditional and VUL).
Non-renewal of license will mean automatic deactivation by J uly 1, 2014 in line with the Insurance Commission guidelines. Acceptance of renewal documents will start on Monday, April 21, 2014. Your list(s) of qualified advisors who met the renewal requirements based on FY2013 performance for both traditional and VUL licenses will be sent to you via e-mail by your Licensing Account Officer.
To ensure that the renewal documents are received on time by Licensing, please send your complete renewal documents to Licensing Unit, Philam Life, 18F Net Lima Building, 5th Avenue corner 26 th Street, Bonifacio Global City, Taguig 1634 addressed to your respective Licensing Account Officers, namely:
1. Keeshia Cuesta (Keeshia-B.Cuesta@aia.com) Manila A Agencies 2. J ennifer Fulgencio (J ennifer-V.Fulgencio@aia.com) Manila B Agencies 3. Washington Edward Ngo (WashingtonEdward.Ngo@aia.com) Manila C Agencies 4. J ustine Antony Lustado (J ustineAntony-L.Lustado@aia.com) North Luzon Agencies 5. Analisa Mariano (Analisa-P.Mariano@aia.com) Central & South Luzon Agencies 6. Sandro Arroyo (Sandro-M.Arroyo@aia.com) Visayas and Mindanao Agencies
We look forward to 100% renewal by May 31, 2014.
Orange A. Galsim Head Agency Development Office
cc: Agency Sales Group Attachments: 2014 License Renewal Form 2014 Renewal Guidelines and Requirements 2014 Schedule of Traditional and VUL License Renewal Fees including Penalties Ref-04162014-License Renewal-3-final