Bill Type
Congress Name
Long Title
AN ACT CREATING THE "PHILIPPINE CATASTROPHE INSURANCE AND REINSURANCE CORPORATION," PRESCRIBING ITS POWERS AND RESPONSIBILITIE S, PROVIDING FOR ITS CAPITALIZATION AND THE REQUIRED GOVERNMENT PREMIUM SUBSIDY, AND FOR OTHER PURPOSES
Date filed
September 2, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB03217 |
| FULL TITLE : AN ACT CREATING THE "PHILIPPINE CATASTROPHE INSURANCE AND REINSURANCE CORPORATION," PRESCRIBING ITS POWERS AND RESPONSIBILITIE S, PROVIDING FOR ITS CAPITALIZATION AND THE REQUIRED GOVERNMENT PREMIUM SUBSIDY, AND FOR OTHER PURPOSES |
| ABSTRACT : "Charter of the Philippine Catastrophe Insurance and Reinsurance Corporation". The proposed Corporation shall provide protection to participating persons, whether natural or juridical, against loss of lives and properties due to natural disasters. Provides for the creation of a STATE CATASTROPHE INSURANCE TRSUT FUND in the amount of P500 Million for this purpose. |
| PRINCIPAL AUTHOR/S : CANDAZO, ROMEO D.C. |
| DATE FILED : 1998-09-02 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 1998-09-28 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON WAYS AND MEANS, APPROPRIATIONS |
Abstract
"Charter of the Philippine Catastrophe Insurance and Reinsurance Corporation". The proposed Corporation shall provide protection to participating persons, whether natural or juridical, against loss of lives and properties due to natural disasters. Provides for the creation of a STATE CATASTROPHE INSURANCE TRSUT FUND in the amount of P500 Million for this purpose.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.