THE Insurance Commission (IC) has ordered the closure of pre-need firm Eternal Plans Inc. (EPI) and placed it under conservatorship due to financial difficulties, the Department of Finance (DoF) announced on Thursday.
The DoF said in a statement that EPI was placed under conservatorship in January this year for failing to comply with its mandate to fill the financial deficiency in its 2018 trust fund, as required by the Philippine Pre-Need Code.
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