Insurance 1

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1. Alpha Insurance Centre , 1025 San Marcelino Street, Ermita, Manila 2. Bonds and Surety. Before an Insurance Company can issue Government bonds or acts as Surety in an undertaking it must have an administrative order issued by the Office of the President of the Philippines and Our Company acquires that AO No. 244 issued May 31, 1957 and signed by the late President Carlos P. Garcia. A contract of agreement between three parties the INSURER or SURETY guarantee the faithful performance by another party called the PRINCIPAL of an obligation or undertaking in favor of the OBLIGEE. And to name some we have Bidders Bond, Performance Bond, Surety Bond, Judicial (Civil, Heirs Administrators, and Guardians) and Fidelity Bonds. 3. Requirements: A. For Corporate Applicants: 1. Fully accomplished bonds application form 2. S.E.C. registration 3. Articles of Incorporation and by-laws 4. Board resolution authorizing an officer to sign a bond and other related documents 5. List of current officers/directors certified by corporate secretary 6. Corporate information sheet 7. Latest audited financial statement or Annual Report 8. List of completed projects 9. List of on-going projects 10. Cosigners 11. Cosigner’s information sheet B. For individual Applicants:

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Insurance 1

Transcript of Insurance 1

1. Alpha Insurance Centre , 1025 San Marcelino Street, Ermita, Manila2. Bonds and Surety. Before an Insurance Company can issue Government bonds or acts as Surety in an undertaking it must have an administrative order issued by the Office of the President of the Philippines and Our Company acquires that AO No. 244 issued May 31, 1957 and signed by the late President Carlos P. Garcia.A contract of agreement between three parties the INSURER or SURETY guarantee the faithful performance by another party called the PRINCIPAL of an obligation or undertaking in favor of the OBLIGEE.And to name some we have Bidders Bond, Performance Bond, Surety Bond, Judicial (Civil, Heirs Administrators, and Guardians) and Fidelity Bonds.3. Requirements:A. For Corporate Applicants:1. Fully accomplished bonds application form2. S.E.C. registration3. Articles of Incorporation and by-laws4. Board resolution authorizing an officer to sign a bond and other related documents5. List of current officers/directors certified by corporate secretary6. Corporate information sheet7. Latest audited financial statement or Annual Report8. List of completed projects9. List of on-going projects10. Cosigners11. Cosigners information sheetB. For individual Applicants:1. Fully accomplished Bond application form2. D.T.I. registration3. Latest audited Financial Statement4. List of completed projects5. List of on-going projects6. Cosigners Information sheetC. For Performance and/or Payment bond1. Contract documents (Construction contract, Service contract, Purchase order, Job/Work order, Notice to proceed, Change or Variation order, Letter of Award)D. For Guarantee Bond1. Certificate of completion and Final Acceptance2. Photocopy of substantial or Final Completion and/or Acceptance of the Project3. Copy of Contract