SEC. 262. Any domestic stock life insurance company doing
business in the Philippines may convert itself into an incorporated
mutual life insurer. To that end it may provide and carry out a plan for
the acquisition of the outstanding shares of its capital stock for the
benefit of its policyholders, or any class or classes of its
policy-holder, by complying with the requirements of this chapter.
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 262 (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).
