Section 2
SECTION 2. A new section is inserted between Section 14 and 15 of the said Decree, to be designated as Section 14-A which shall read as follows: “SECTION 14-A. All lending institutions granting production loans for palay under the supervised credit program of the government shall automatically act as underwriters for and on behalf of the corporation. As such, they shall receive and process applications for insurance coverage; approve those found in order and collect premiums therefore. Premiums so collected, together with the premium payable by the lending institution itself, shall be remitted to the corporation in the manner and within such period as may be prescribed by the corporation.”