SEC. 318. No person shall act, and no company shall employ any
person, as non-life company underwriter, whose duty and responsibility
it shall be to select, evaluate and accept risks for, and to determine
the terms and conditions, including those pertaining to amounts of
retentions, under which such risks are to be accepted by the company,
unless such underwriter is registered as such with the Commissioner.
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 318 (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).
