Republic Act No. 6112 (RA 6112) — An Act to Strengthen the Working Force of the Office of Insurance Commissioner and to Provide Career Incentives Therein.

Republic Act No. 6112 · Republic Act · Approved August 4, 1969 · 4 sections

Data as of July 4, 2026 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

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.

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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