<p>Effective October 01, 2001, The Bureau Of Internal Revenue under Revenue Regulations Number 15-2001, has implemented the use of &nbsp;&quot;ON-LINE ELECTRONICS DOCUMENTARY STAMPS TAX (DST), among insurance companies.</p>

<p>In view of the above, the Documentary Stamp Tax (DST) becomes immediately due once o a policy is issued in effect. &nbsp;When a policy is cancelled or endorsed to a lower value, the Insured is still&nbsp;liable to pay the full amount of the Documentary Stamps as stipulated in the policy prior to cancellation/endorsement.</p>
