The Insurance Commission (IC) is a national government agency under the Department of Finance. With the provisions of the Insurance Code, as amended, Pre-Need Code of the Philippines, and Executive Order No. 192, s. 2015, IC is mandated to regulate the insurance sector in the Philippines and to supervise the operations of the insurance, pre-need, and health maintenance organization industries by setting rules and regulations to safeguard the rights and interest of policyholders and customers.In the event that the laws and regulations change, the Insurance Commission offers advice to insurance companies on a regular basis. The regulator assists the insurance industry in improving efficiency in the conduct of insurance business while also regulating insurance prices and other fees.
The Insurance Commission (IC) is a national government agency under the Department of Finance. With the provisions of the Insurance Code, as amended, Pre-Need Code of the Philippines, and Executive Order No. 192, s. 2015, IC is mandated to regulate the insurance sector in the Philippines and to supervise the operations of the insurance, pre-need, and health maintenance organization industries by setting rules and regulations to safeguard the rights and interest of policyholders and customers.In the event that the laws and regulations change, the Insurance Commission offers advice to insurance companies on a regular basis. The regulator assists the insurance industry in improving efficiency in the conduct of insurance business while also regulating insurance prices and other fees.
The Insurance Commission (IC) is a national government agency under the Department of Finance. With the provisions of the Insurance Code, as amended, Pre-Need Code of the Philippines, and Executive Order No. 192, s. 2015, IC is mandated to regulate the insurance sector in the Philippines and to supervise the operations of the insurance, pre-need, and health maintenance organization industries by setting rules and regulations to safeguard the rights and interest of policyholders and customers.In the event that the laws and regulations change, the Insurance Commission offers advice to insurance companies on a regular basis. The regulator assists the insurance industry in improving efficiency in the conduct of insurance business while also regulating insurance prices and other fees.