Creation and licensing of National Reinsurance Corp.

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PRESIDENTIAL DECREE NO. 1270: Creation and licensing of National Reinsurance Corp.

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Title Supreme Court: Creation and licensing of National Reinsurance Corp.

Law: Presidential Decree No. 1270

Decision Date: Dec 22, 1977

Presidential Decree No. 1270 establishes the National Reinsurance Corporation of the Philippines (NRCP) to strengthen the national insurance industry and enhance the country's retention capacity, granting NRCP the authority to regulate professional reinsurers and require insurance companies to cede a portion of their reinsurance placements.

organization

licensing

national reinsurance corporation

END