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Sale of assets seen to pay obligations of Loyola Plans • Jasper Y. Arcalas

MORE assets of Loyola Plans Consolidated Inc. will now be sold to pay its obligations to its members and debtors after it was placed by the Insurance Commission (IC) under liquidation. The IC issued on October 2 a notice to the public, disclosing that Loyola Plans has been under liquidation since September 29. In its ....

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IC places Loyola Plans under receivership | Jasper Y. Arcalas

THE Insurance Commission (IC) has placed the Loyola Plans Consolidated Inc. (LPCI) under receivership after the pre-need company has been deemed insolvent. In a notice to the public, the IC announced that LPCI was placed under receivership pursuant to Section 50 of the Pre-Need Code. The IC added that Atty.… ....

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