The Insurance Commission said over the weekend it issued cease-and-desist orders against two companies for allegedly conducting unlicensed business activities.
The commission affirmed the orders against Mortuaries’ Cooperation Internment Assistance Group Inc. issued on March 11, 2020. The commission denied MCIA Group’s request for reconsideration of the initial order.
It also issued the same order against Future Life Care Memorial Services Co. on Oct. 17, 2022. The cease and desist orders were prompted by various complaints against MCIA Group and Future Life.
The IC said after thorough investigation by its Regulation, Enforcement and Prosecution Division, both companies were found to be engaging in activities akin to pre-need and/or insurance business without the requisite certificate of authority issued by the IC.
“For protection and peace of mind, the public is strongly advised to transact only with duly licensed pre-need and insurance companies and licensed intermediaries,” said Insurance Commissioner Dennis Funa in a statement. Julito G. Rada