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SUPREME COURT UPHOLDS CAPPI REVISED REHABILITATION. PLAN AND REFERS CASE TO THE REHABILITATION. (RTC MAKATI BRANCH 148)
- Announcement
Announcement - CAP College Assurance Plan Philippines, Inc.
- Contact Us
Contact Us - CAP College Assurance Plan Philippines, Inc.
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The Supreme Court has lifted the Temporary Restraining Order...
- Payment Schedule
Payment Schedule - CAP College Assurance Plan Philippines,...
- Announcement
https://www.esquiremag.ph/money/industry/cap-college-assurance-plan-what-happened-a00289-20220110-lfrm CAP is a pre-need company not insurance. The guaranteed returns (full payment of tuition) despite of economic downturn is indeed deadly.
- 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...
Aug 15, 2022 · The company I refer to is CAP or the College Assurance Plan group. Yes, you read it right.
- Cito Beltran
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...
Jun 7, 2021 · THE Insurance Commission (IC) said it has now been cleared to take a unit of College Assurance Plans Philippines, Inc. (CAPPI) into conservatorship, after the Supreme Court (SC) barred the pre-need firm from selling the subsidiary to support its rehabilitation.
Feb 5, 2005 · The controversial pre-need firm College Assurance Plan (CAP) is not bankrupt, its president and chief executive officer Enrique Sobrepeña told the Senate yesterday.
