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Insurance Law In Philippines: -
The laws on insurance in the Philippines can be found in the Insurance Code of 1978 (Presidential Decree No. 1460 which superseded Presidential Decree No. 612), special laws, and partly in the provisions of the Civil Code, namely Articles 749 and 2012 on void donations, Article 2011 on the applicability of the Civil Code, Articles 22021-2027 on life annuities, and Article 2186 on compulsory motor vehicle liability insurance.
There is the Property Insurance Law (Republic Act No. 656 as amended by Pres. Decree No. 245), which deals with government property.
In Philippines the insurance contracts are governed primarily by the Insurance Code and subsidiary by the Civil Code.
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Insurance companies in Philippines
- Prudential life Plans, Inc.
- Ayala Life Assurance, Inc.
- First Filipinas Insurance Brokers Corporation
- Government Service Insurance System
- Permanent Plans, Inc.
- Philam Group of Companies.
- The Professional Group Plans Corporation.
- Yacht Insurance in the Philippines.
- Blue Cross Insurance, Inc
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