SEC. 245. The Commissioner shall require every insurance company
doing business in the Philippines to keep its books, records, accounts
and vouchers in such manner that he or his authorized representatives
may readily verify its annual statements and ascertain whether the
company is solvent and has complied with the provisions of this Code or
the circulars, instructions, rulings or decisions of the Commissioner.
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
CitationPD 612 (The Insurance Code) Section 245 (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).
