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plan and refers case to the rehabilitation (RTC MAKATI BRANCH 148) The Supreme Court has lifted the Temporary Restraining Order on the Revised Rehabilitation Plan of College Assurance Plan Philippines, Inc. (“CAPPI”) and remanded the case to the Rehabilitation Court (RTC Makati Branch 148) for its supervision over the implementation of such ...
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Announcement - CAP College Assurance Plan Philippines, Inc.
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The Supreme Court has lifted the Temporary Restraining Order...
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Payment Schedule - CAP College Assurance Plan Philippines,...
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- What Happened to Cap
- Financial Crisis and Actuarial Reserve Liability
- Grasping at Straws
The collapse of CAP was the result of a combination of factors, foremost of which were the deregulation of fees for private colleges and universities in 1992, the Asian financial crisis of 1997, and enforcement of new rules that measured the value of CAP’s finances and found it severely lacking, which eventually hastened its demise. We’ll go over e...
The Asian financial crisis, which decimated many other companies and industries at the time, also had a hand in pummeling CAP’s business. During its heyday, CAP invested its revenues in things like real estate, which helped grow that money. Some of that money went into a trust fund that acted as sort of guarantee that the company had enough funds t...
Faced with mounting problems—unable to pay its obligations to its clients and disallowed to sell new plans to generate revenues—CAP’s parent company College Assurance Plan Philippines Inc., filed a Petition for Rehabilitation with the Makati Regional Trial Court a year later, in August 2005. But the SEC opposed CAPPI’s rehabilitation and said so in...
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Aug 15, 2022 · The company I refer to is CAP or the College Assurance Plan group. Yes, you read it right. After an 18-year regulatory wrestling match with the Securities & Exchange Commission and the Insurance ...
- Cito Beltran
Sep 9, 2019 · "If the college offers a plan, it may be limited to use of the college's affiliated hospital or medical system. Out-of-pocket deductibles may also be higher and as much as $10,000 to $15,000 ...
- Contributor
we had prudential educ plan, and was among the last batches that were able to use the benefit. I remember paying ~20k per sem instead of 60k. part of the benefit of the plan is we will receive the full plan amount back (the amount paid) x years after graduation. we did not get that part, but still thankful 2/3 of my college tuition was shouldered by prudential
Jun 8, 2021 · In a 30-page decision of the SC Third Division dated Sept. 9, 2020 which the IC said it received only in the last week of May the High Court affirmed the regulator’s move to stop College...
Jul 16, 2021 · Can we buy a campus health plan in addition to our family health insurance plan? If your student is covered by a college plan as well as another health plan, the campus plan will typically pay...
