SEC. 278. A foreign life insurance company that withdraws
from the Philippines shall be considered a "servicing insurance company"
if its business transactions are confined to accepting periodic premium
payments from, or granting policy loans and paying cash surrender
values of outstanding policies to, or reviving lapsed policies of,
Philippine policyholders, and such other related services.
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 278 (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).
