SEC. 395. The constitution or by-laws of a mutual benefit
association must distinctly state the purpose for which dues and or
assessments are made and collected and the portion thereof which may be
used for expenses.
Death benefit and other relief funds shall be created and used
exclusively for paying benefits due the members under their respective
membership certificates. A general fund shall likewise be created and
used for expenses of administration of the association.
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 395 (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).
