SEC. 268. Every payment for the acquisition of any shares
of the capital stock of such insurer, the purchase price of which is not
fixed by such plan, shall be subject to the prior approval of the
Commissioner. Neither such plan, nor any such payment, may be approved
by the Commissioner unless he finds that the rights and interests of the
insurer, its policyholders, and shareholders are protected.
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 268 (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).
