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PD 612 (The Insurance Code) Section 418

PD 612 (The Insurance Code) Section 418

Section 418

SEC. 418. If the total expenses of the Insurance Commission for every fiscal year exceed the aggregate amount of the fees collected under the pertinent provisions of this Code, the excess shall be charged against the Insurance Fund, which shall hereafter be created out of the proceeds of taxes on insurance premiums mentioned in section two hundred fifty-five of the National Internal Revenue Code, as amended: Provided, however, That pending the creation of said Insurance Fund, the provisions of section two, three and four of Republic Act Numbered Two hundred seventy-five, shall continue to remain in force and effect. MISCELLANEOUS PROVISIONS

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Other provisions in PD 612 (The Insurance Code)

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 418 (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).

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