SEC. 323. No person, partnership, association, or corporation
shall act as an adjuster, as hereinafter denned, unless authorized so to
act by virtue of a license issued or renewed by the Commissioner
pursuant to the provisions of this Code; Provided, That in the
case of a natural person, he must be a Filipino citizen and in the case
of a partnership, association or corporation, at least sixty per
centum of its capital must be owned by citizens of the Philippines.
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 323 (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).
