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AFA Checklist

The document outlines the requirements for surety companies applying for accreditation or renewal of accreditation with the NLRC. For companies previously accredited, the requirements are a letter of intent for renewal, an updated escrow agreement, and a certificate of accreditation. For first time applicants, the requirements include a verified application, certificates of authority from various government agencies, financial statements, an escrow deposit, application and representative fees, a joint deed of undertaking with personal information sheets, and a board resolution.

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Jessa Mae Enciso Austria
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57 views

AFA Checklist

The document outlines the requirements for surety companies applying for accreditation or renewal of accreditation with the NLRC. For companies previously accredited, the requirements are a letter of intent for renewal, an updated escrow agreement, and a certificate of accreditation. For first time applicants, the requirements include a verified application, certificates of authority from various government agencies, financial statements, an escrow deposit, application and representative fees, a joint deed of undertaking with personal information sheets, and a board resolution.

Uploaded by

Jessa Mae Enciso Austria
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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CHECKLIST OF REQUIREMENTS FOR APPLICATION FOR ACCREDITATION

(As per NLRC Advisory dated 14 July 2021)


Surety Company Applicant:

Address:

Contact Nos.: Fax Number : e-mail Address:

Contact Person/s: Date Filed:

Complie
I. For Surety Companies Previously Accredited by the NLRC: Remarks
d
1. Letter of Intent for the Renewal of Accreditation;
2. Updated Escrow Agreement; and
3. Certified Copy of the Latest Certificate of Accreditation
and Authority issued by the Office of the Court
Administrator, Supreme Court.

II. For Surety Companies Applying for the First Time: Complied Remarks

1. Three (3) Verified Copies of the Application for


Accreditation (Form No. NLRC 01-2014);
2. Certified Copy of a Valid Certificate of Accreditation
and Authority issued by the Office of the Court
Administrator, Supreme Court;
3. Secretary Certificate showing the Surety Company’s
Authorized Signatories, their Specimen Signatures and
Three (3) Black and White Copies of Latest 2x2
Photographs;
4. Certified Copy of the Authority to Transact Surety
Business upon Official Recognizance, Stipulations,
Bonds & Undertakings Issued by the Office of the
Executive Secretary under the Office of the President;
5. Certified Copy of the Current Certificate of Authority
from the Insurance Commission;
6. Certified Copy of latest Statement of Assets and
Liabilities, and Audited Financial Statement Statements
filed with the Bureau of Internal Revenue;
7. Escrow Deposit in the Amount of One Million Pesos
(Php1,000,000.00) in any bank of their choice;
8. One-Time Application Fee of Five Thousand Pesos
(Php5,000.00), with Additional Five Hundred Pesos
(Php500.00) for each Authorized Representative;
9. Joint deed of Undertaking, with the attached Personal
Information Sheets (Form No. NLRC-02-2014); and
10. Board Resolution Issued by the Surety Company
granting authority to its agent/s and acknowledgment
of joint and solidary liabilities for all their actions and
transaction with the Court (Form No NLRC-01-2014,
F.7).

Verified by: Date:

LEGAL AND ENFORCEMENT DIVISION


Contact No. 8740-77-32

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