Mutualization of Stock Life Insurers PD 1280

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PRESIDENTIAL DECREE NO. 1280: Mutualization of Stock Life Insurers PD 1280

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Title Supreme Court: Mutualization of Stock Life Insurers PD 1280

Law: Presidential Decree No. 1280

Decision Date: Jan 6, 1978

Presidential Decree No. 1280 amends the Insurance Code to allow stock life insurance companies in the Philippines to become mutualized through the acquisition of outstanding shares, with provisions for fair valuation and compulsory surrender of shares.

insurance code

amending

mutualization

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