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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 Plan.
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Announcement - CAP College Assurance Plan Philippines, Inc.
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Contact Us - CAP College Assurance Plan Philippines, Inc.
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The Supreme Court has lifted the Temporary Restraining Order...
- Terminated
Terminated - CAP College Assurance Plan Philippines, Inc.
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Welcome To Our Services! PLANHOLDERS BENEFIT PAYMENTS MANAGEMENT SYSTEM. COLLEGE ASSURANCE PLAN PHILS, INC. SUPREME COURT UPHOLDS CAPPI REVISED REHABILITATION PLAN AND REFERS CASE TO THE REHABILITATION (RTC MAKATI BRANCH 148)
- 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...
Jun 8, 2021 · The Insurance Commission (IC) on Monday asked the shuttered College Assurance Plans Philippines Inc. (Cappi) and its rehabilitation court to no longer drag Comprehensive Annuity Plans and Pension (CAP Pension) into their troubles after the Supreme Court ruled in favor of the regulator’s petition to protect the subsidiary-firm’s assets.
May 25, 2021 · May 25, 2021 | 12:06 am. THE Supreme Court (SC) has affirmed the move of the Insurance Commission (IC) to stop College Assurance Plan Philippines, Inc. (CAPPI) from selling its subsidiary, Comprehensive Annuity Plans and Pension (CAP Pension), to raise funds for CAPPI’s rehabilitation.
