The bill would turn the Insurance Commission into a five‑member collegial board appointed for six‑year terms, place it under the supervision of the Bangko Sentral ng Pilipinas, and give it new powers to regulate variable contracts, impose sanctions, adjudicate claims up to ₱5 million, and protect its officials.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB04712. Status changes over time; check the link for the latest.
HB04712 · Sources: BatasWatch
No changes since we started checking daily on Oct 4, 2026.
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.