SB 735
Senate·20th Congress·Filed Jul 21, 2025
Revised Charter of the Philippine Crop Insurance Corporation
An Act Strengthening the Philippine Crop Insurance Corporation, Repealing for the Purpose Presidential Decree No. 1467, as Amended, 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
In plain language
The bill proposes a new charter for the Philippine Crop Insurance Corporation that would make crop insurance mandatory for key food crops, expand coverage to livestock, aquaculture and farm assets, set up a government‑funded subsidy and a ₱500 million reserve for catastrophic losses, and create a board with representatives from the government, insurers and farmers to run the program.
Agriculture and FisheriesPublic Works and Infrastructure
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Author · Senator
Subjects
Revised Charter of the Philippine Crop Insurance Corporation
Official sources
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SBN-735 · Sources: BetterGov Open Congress, BatasWatch