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Manila Bulletin devider devider IC puts BF Life Insurance under liquidation, claimants advised to file claims

IC puts BF Life Insurance under liquidation, claimants advised to file claims

Published Jan 30, 2018 12:00 am
The Insurance Commission (IC) announced that  BF Life Insurance Corporation (BF Life) is now in the process of liquidation and informed claimants, creditors and all other parties with claims against the company that they have only until July 23, 2018 to file their claims. The Commission said that after this date, those with claims against BF Life will no longer be entertained and will not be allowed to participate in any way in the disposition, partition, distribution and settlement in the liquidation proceedings. The Commission placed the company under receivership in March last year and suspended all its business transactions. It prohibited BF Life from selling policies, transferring, disposing or encumbering its properties, or from paying claims without the consent of IC’s appointed receiver or conservator. Claimants against BF Life were advised to get in touch personally or by mail with the Commission’s appointed liquidator, lawyer Iris Sylvia Lucero Bonifacio at the Pacific Center Bldg., San Miguel Avenue, Ortigas Business Center in Pasig City. They may also file their claims at the Commission’s office at 1071 UN Avenue, Manila.
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