Bill Type
Congress Name
Long Title
AN ACT ESTABLISHING THE PRE-NEED PLAN CODE OF THE PHILIPPINES
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00287 | |
| FULL TITLE : AN ACT ESTABLISHING THE PRE-NEED PLAN CODE OF THE PHILIPPINES | |
| SHORT TITLE : Pre-Need Plan Code of the Philippines | |
| ABSTRACT : "Pre-Need Plan Code of the Philippines". The proliferation of pre-need corporations has raised questions on the industry's capability to provide security to its investors and planholders. There is a need to regulate the industry to protect its investors and planholders from fraud. This bill seeks to provide the legislative framework that will govern the pre-need industry, provide the regulatory standards within the industry to level the playing field, strengthen the Insurance Commission's regulatory capabilities to insure that the industry does not become a forum for abuse and provide for the effective protection of planholders. | |
| PRINCIPAL AUTHOR/S : LAPUS, JESLI A. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Reyes (003 ) | 2. Codilla (006 ) |
| 3. Zialcita (010 ) | 4. Señeres (012 ) |
| 5. Defensor (012 ) | 6. Seachon-lanete (012 ) |
| 7. Espina (012 ) | 8. Dy (012 ) |
| 9. Zamora (013 ) | 10. Fuentebella (013 ) |
| 11. Puentevella (013 ) | 12. Marcos (022 ) |
| 13. Floirendo (024 ) | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: HB04343 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2004-07-27 |
Abstract
"Pre-Need Plan Code of the Philippines". The proliferation of pre-need corporations has raised questions on the industry's capability to provide security to its investors and planholders. There is a need to regulate the industry to protect its investors and planholders from fraud. This bill seeks to provide the legislative framework that will govern the pre-need industry, provide the regulatory standards within the industry to level the playing field, strengthen the Insurance Commission's regulatory capabilities to insure that the industry does not become a forum for abuse and provide for the effective protection of planholders.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.