SEC. 276. The Commissioner shall make an examination of
the books and records of the withdrawing company, and if, upon such
examination, the Commissioner finds that the insurer has no outstanding
liabilities to residents of the Philippines, it shall cancel the
withdrawing company's certificate of authority, if unexpired, and shall
permit the insurer to withdraw. The cost and expenses of all such
examination shall be paid as prescribed in section four hundred
seventeen.
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 276 (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).
