Compulsory Insurance for Agency-Hired Workers

Ask AI

POEA ADVISORY NO. 25, S. 2010: Compulsory Insurance for Agency-Hired Workers

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Compulsory Insurance for Agency-Hired Workers

Law: Poea Advisory No. 25, S. 2010

Decision Date: Nov 5, 2010

Effective November 8, 2010, all agencies must provide compulsory insurance coverage for agency-hired workers, requiring a Certificate of Coverage to process Overseas Employment Certificates for OFWs, as mandated by Republic Act No. 10022.

compulsory insurance

A

Requirements for POEA Document Processing

Agencies must present a Certificate of Coverage (COC) indicating insurance coverage in compliance with Republic Act No. 10022.
The COC is required in addition to the existing requirements for the processing and issuance of POEA Exit Clearance and Overseas Employment Certificate (OEC).

Insurance Coverage Details

The COC must cover all contingencies as mandated by Republic Act No. 10022, ensuring comprehensive protection for agency-hired workers.

Accredited Insurance Providers

As of the advisory date, the following insurance companies are accredited by the Insurance Commission to provide coverage:
1. Paramount Life and General Insurance Corporation
2. Philippine Charter Insurance Corporation
3. United Coconut Planters Life Assurance Corporation

Monitoring and Updates

Agencies and stakeholders may contact the Insurance Commission directly for updates on the list of accredited insurers.
Contact information includes telephone numbers (5238461 to 70) and the official website (insurance.gov.ph).

Enforcement and Compliance

Strict compliance with the compulsory insurance coverage requirement is mandated.
The advisory serves as an official reminder to all relevant agencies to adhere to the new insurance coverage policy prior to document processing for OFWs.

END