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PD 612 (The Insurance Code) Section 269

PD 612 (The Insurance Code) Section 269

Section 269

SEC. 269. The trustees referred to in section two hundred sixty-six shall file with such insurer and with the Commissioner a verified acceptance of their appointments and verified declarations that they will faithfully discharge their duties as such trustees. All dividends and other sums received by said trustees on the shares held by them, after paying the necessary expenses of executing their trust, shall be immediately repaid to such insurer for the benefit of all who are, or may become, policyholders of such insurance of the class or classes for whose benefit the stock of such insurer was acquired and entitled to participate in the profits thereof and shall be added to and become a part of the assets of such insurer.

Read the full instrument → · Open the chapter this section belongs to: TITLE 17. — Mutualization of Stock life Insurance Companies →

Other provisions in TITLE 17. — Mutualization of Stock life Insurance Companies

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 269 (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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