SEC. 283. Notwithstanding paragraph (b) of section two hundred
eighty-two, the Commissioner may determine after notice and opportunity
to be heard, that a person exercises directly or indirectly either alone
or pursuant to an agreement with one or more other persons such a
controlling influence over the management or policies of an authorized
insurer as to make it necessary or appropriate in the public interest or
for the protection of policyholders or stockholder of the insurer that
the person be deemed to control the insurer.
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 283 (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).
