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Friday, December 7, 2012

Insurance

THE GROWTH AND DEVELOPMENT OF AN INDUSTRIAL FIRM INTRODUCTION The Public Safety common Benefit Fund Inc. (PSMBFI) is a mutual benefit tie-up authorized by the Insurance Commission to engage in insurance and other services to its members since CY 1998. It is registered with the Securities and Exchange Commission as a non-stock and non-profit business entity. The PSMBFI was organized as a resultant of the enactment of Republic Act 8291 otherwise known as the GSIS Law of 1997 which excluded from insurance coverage from the GSIS the Philippine National police (PNP), Armed Forces of the Philippines (AFP), and other public safety agencies/offices. VISION AND relegating Its corporate vision is stated as follows: A state-of-the-art and stable mutual benefit association extending benefits and services that atomic number 18 highly-responsive to the needs of the members through a competent, committed, trustworthy, and service-oriented workforce. The mission is to undertake the sideline: a) Embark on projects that forget improve mutual financial aid and foster camaraderie among members b) Provide timely financial and corporeal aid and comfort to public safety practitioners and their families in cases of necessity, deterrent or loss, unemployment, and old age.
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c) Enhance the work environment that will further develop competency, commitment, and integrity among its personnel. ORGANIZATION Board of Trustees The Board of Trustees is the highest organisation and policy-making body of the PSMBFI. It is composed of fifteen (15) directors elected by the members in a general assembly. The directors elect among themselves the President, Vice- President, and Treasurer. Likewise, the Secretary and attender who may not be necessarily members of the Board be elected. Department The Departments are generally divided into two groups namely, operating and administrative units /offices. The operating units are composed of the following: a) Insurance Department...
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