AN ACT TO STRENGTHEN THE WORKING FORCE OF THE OFFICE OF INSURANCE COMMISSIONER AND TO PROVIDE CAREER INCENTIVES THEREIN.

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Republic Act

AN ACT TO STRENGTHEN THE WORKING FORCE OF THE OFFICE OF INSURANCE COMMISSIONER AND TO PROVIDE CAREER INCENTIVES THEREIN.

Number

Republic Act No. 6112

Date of approval

—

Sections

Source

Supreme Court E-Library

View official source

Section 1

SECTION 1. Any provision of existing law, executive order, rule or regulation to the contrary notwithstanding, the adjustments of the old annual rates of salaries to the corresponding steps in the new salary range of the following officials and employees of the Office of the Insurance Commissioner as indicated hereunder are hereby authorized:
Position
Old Salary Ranges FROM
New Salary RAnges
Range
Minimum
Maximum
Range
Minimum
Maximum
Insurance Commissioner
65
P14,532
P17,724
68
P16,860
P20,580
Assistant Insurance Commissioner
60
11,328
13,824
63
13,152
16,044
Actuarial Consultant
55
8,832
10,776
58
10,260
12,516
Junior Actuarial Researcher
34
3,108
3,792
37
3,612
4,404
Chief Insurance Examiner
51
7,236
8,832
54
8,400
10,260
Assistant Chief Insurance Examiner
49
6,552
7,992
52
7,608
9,288
Supervising Insurance Examiner
47
5,928
7,992
50
6,888
8,400
Senior Insurance Examiner
45
5,276
6,552
48
6,240
7,608
Insurance Examiner II
43
4,860
5,928
46
5,640
6,888
Position
Old Salary Ranges FROM
New Salary RAnges
Range
Minimum
Maximum
Range
Minimum
Maximum
Insurance Examiner I
38
3,792
4,632
41
4,404
5,376
Insurance Examiner Aide
33
2,952
3,612
36
3,432
4,188
Examination Rating Supervisor
47
5,928
7,236
50
6,888
8,400
Chief Actuarial and Rating Examiner
51
7,236
8,832
54
8,400
10,260
Assistant Chief Actuarial and Rating Examiner
49
6,552
7,992
52
7,608
9,288
Supervising Actuarial and Rating Examiner
47
5,928
7,236
50
6,888
8,400
Senior Actuarial and Rating Examiner
45
5,276
6,552
48
6,240
7,608
Actuarial and Rating Examiner II
43
4,860
5,928
46
5,640
6,888
Actuarial and Rating Examiner I
38
3,792
4,632
41
4,404
5,376

Section 2

SEC. 2, The provisions of any law, executive order, rule or regulation to the contrary notwithstanding, the incumbents of the positions mentioned in Section one hereof shall continue to occupy their respective positions and receive the salary rates as adjusted in this Act without the necessity of issuing new appointments to them.

Section 3

SEC. 3. The salary differentials resulting from the adjustment of salaries authorized in this Act shall be paid out of any savings in the appropriations of the Office of the Insurance Commissioner authorized in the General Appropriations Act for the fiscal year nineteen hundred sixty-nine , to nineteen hundred seventy as well as from assessment levied pro rata, upon all domestic insurance ;and foreign insurance companies operating in the Philippines in proportion to the gross premiums during the period for which assessment is made as authorized under Section two of Republic Act Numbered Two hundred seventy-five. Thereafter, the funds needed to implement the provisions of this Act shall be included in the General Appropriations Act.

Section 4

SEC. 4. This Act shall take effect upon its approval.

Approved, August 4, 1969.

4 sections

Cite this law

AN ACT TO STRENGTHEN THE WORKING FORCE OF THE OFFICE OF INSURANCE COMMISSIONER AND TO PROVIDE CAREER INCENTIVES THEREIN. (Official Gazette). Retrieved via LawPlayer, https://lawplayer.com/ph/act/ra-6112

Source: Official Gazette of the Republic of the Philippines — Philippine laws are public documents (works of the government).

No copyright in works of the Government (RA 8293 s.176)

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