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Act No. 2427 Section 183

Section 183

SEC. 183. The aggregate net value of the policies of such liability, company so ascertained shall be deemed its reserve liability, to provide for which it shall hold funds in secure investments equal to such net value, above all its other liabilities; and it shall be the duty of the Insurance Commissioner, after having verified, to such an extent as he may deem necessary, the valuation of all policies in force, to satisfy himself that the company has such amount in safe legal securities after all other debts and claims against it have been provided for.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER V.—Insurance companies. →

Other provisions in CHAPTER V.—Insurance companies.

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

CitationAct No. 2427 Section 183 (LawPlayer, data as of July 4, 2026)

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

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