INS Com Circular Letter No. 9-96 (1996)
AMENDMENT TO CIRCULAR LETTER NO. 5-96, DATED FEBRUARY 29, 1996
(NAR) VOL. 7 NO. 2 / APRIL-JUNE 1996
[ INS. COM. CIRCULAR LETTER NO. 9-96, May 03, 1996 ]
AMENDMENT TO CIRCULAR LETTER NO. 5-96, DATED FEBRUARY 29, 1996
As requested by the insurance industry, the second paragraph of subject Circular Letter is hereby amended to read as follows: "However, all investments in government securities acquired through the book-entry system of accredited government securities dealers shall be considered RESERVE INVESTMENTS." This Circular takes effect immediately. Adopted: 3 May 1996
(SGD.) EDUARDO T. MALINIS Insurance Commissioner