HB 1323
House·20th Congress·Filed Jul 7, 2025
An Act Strengthening the Philippine Crop Insurance Corporation (Pcic), Repealing for the Purpose Presidential Decree No. 1467, Entitled "Creating the 'philippine Crop Insurance Corporation' Prescribing Its Powers and Activities, Providing for Its Capitalization and for the Required Government Premium Subsidy, and for Other Purposes," as Amended by Presidential Decree No. 1733 and Republic Act No. 817
In plain language
The bill rewrites the charter of the Philippine Crop Insurance Corporation, expands the types of crops and farm assets it can insure, makes insurance compulsory for key crops, sets premium rates and government subsidies, creates a ₱500 million reserve fund for catastrophic losses, and establishes a board to run the corporation.
Agriculture and FisheriesPublic Works and Infrastructure
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HB01323 · Sources: BetterGov Open Congress, BatasWatch