PD 612 (The Insurance Code) Section 250

Section 250

SEC. 250. In case of liquidation of an insurance company, after payment of the cost of the proceedings, including reasonable expenses and fees incurred in the liquidation to be allowed by the Court, the Commissioner shall pay all allowed claims against such company, under order of the Court, in accordance with their legal priority.

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Other provisions in Title 15. — Proceedings upon Insolvency

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CitationPD 612 (The Insurance Code) Section 250 (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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