SEC. 264. The Commissioner shall examine the plan submitted to
him under the provisions of sub-paragraph three of section two hundred
sixty-three. He shall not approve such plan unless in his opinion the
rights and interests of the insurer, its policyholders and shareholders
are protected ¦nor unless he is satisfied that the plan will be fair and
equitable in its operation.
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 264 (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).
