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insurancecommission

Insurance Commission
Business Industry:
Location:

Company Introduction

Mission We are committed to protect the interest and welfare of the insuring public and to develop and strengthen the insurance industry Vision By 2020, as Regulator, we shall provide an opportunity for every Filipino to secure insurance protection and we shall observe practices at par with regional and global standards. MANDATE, OBJECTIVES AND FUNCTIONS To regulate and supervise the insurance and pre-need industries in accordance with the provisions of the Insurance Code and the Pre-Need Code of the Philippines. Legal Basis: Created and existing under and by authority of R.A. No. 275 and the Insurance Code of 1978, as amended and Republic Act 9829 "An Act Establishing the Pre-Need Code of the Philippines". Objectives To promote growth and financial stability of insurance companies To professionalize insurance services and develop insurance consciousness among the general     populace To establish a sound national insurance market, and To safeguard the rights and interest of the insuring people. Functions Promulgation and implementation of policies, rules and regulations governing the operations of entities engaged in insurance and pre-need activities as well as with benevolent features. Licensing of insurance, reinsurance companies, its intermediaries, mtual benefit associations, trusts for charitable uses and pre-need companies and its intermediaries. Conducting insurance agent's examinations, as well as processing of reinsurance treaties and request for investments of insurance companies. Examination/verification of the financial condition and methods of doing business of entities engaged in insurance business, pre-need, mutual benefit associatons, and trusts for charitable uses; Evaluation and preparation of statistical reports, studies, researches, annual reports, and position papers relative to insurance and pre-need matters. Review of premium rates imposed by life and non-life companies, mutual benefit associations; statistical reports of adjusters to determine compliance with established standards. Adjudication of claims and complaints involving loss, damage or liability incurred by an insurer under any kind of policy or contract of insurance or suretyship; Review and approval of all life and non-life policies and pre-need plans before sale to prospective clients.

Jobs by Insurance Commission

Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Date posted: May 5, 2019
Insurance Commission
Address:
1071 United Nations Ave., Ermita Manila, Philippines
Website:
http://www.insurance.gov.ph/