GSIS Resolution No. 61 (2015)

(NAR) VOL. 26 NO. 2/ APRIL - JUNE 2015

[ GSIS Resolution No. 61, April 30, 2015 ]

APPROVAL OF THE OMNIBUS RULES ONLOANS REDEMPTION INSURANCE BENEFIT

Adopted: 30 April 2015 Date Filed: 08 June 2015

WHEREAS, consistent with the mission of the GSIS to focus on the welfare of its members, a redemption insurance coverage is ensured to serve as indemnity in the event of a loan borrower’s death during the term of the loan;

WHEREAS, there is a need to provide clear and detailed guidelines on the uniform implementation of redemption insurance; RESOLVED, to APPROVE and CONFIRM the Policy and Procedural Guidelines (PPG) on the Omnibus Rules on Loans Redemption Insurance Benefit, as proposed by the Officer-in-Charge, Office of the Senior Vice President, Corporate Services Group and, Corporate Planning Office, in her Memorandum dated 27 April 2015. RESOLVED FURTHER, that Board Resolutions, PPGs, Office Orders, and other internal rules inconsistent herewith are hereby SUPERSEDED and/or AMENDED accordingly. A copy of the PPG on the Omnibus Rules on Loans Redemption Insurance [*] Benefit is made an integral part of this Resolution. Certified Correct:

(SGD) ATTY. MARIA THERESA ABESAMIS-RAAGAS Corporate Secretary Confirmed:

(SGD) ROBERT G. VERGARA (SGD) KARINA CONSTANTINO- Vice Chairman DAVID Trustee (SGD) GREGORIO T. YU (SGD) ROMAN FELIPE S. REYES Trustee Trustee (SGD) MARIO J. AGUJA (SGD) ELISEA G. GOZUN Trustee Trustee (SGD) ROMEO M. ALIP (SGD) GERALDINE MARIE Trustee BERBERABE-MARTINEZTrustee [*] Text Available at the Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City.