HEAT oil in large skillet on medium-high heat. Add chicken; cook 5 min. or until done, stirring occasionally.
STIR in next 4 ingredients; cover. Simmer 2 min. or until heated through. Stir in rice; cover. Simmer 5 min. or until rice and peppers are tender.
REMOVE from heat; let stand 5 min. or until liquid is absorbed.
serving size = 1-1/2 cups (375 mL)