Bill Type
Short Title
INSURANCE COMMISSION REORGANIZATION
Text as Filed (File)
Third Reading Copy link (HRep)
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
67
Session Type
Subjects
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
Committee Details
House Committee Report link
Legislative History
| House Bill/Resolution NO. HB06654 | |
| FULL TITLE : AN ACT REORGANIZING AND CONVERTING THE INSURANCE COMMISSION INTO A COLLEGIAL BODY, AMENDING SECTIONS 437, 438 AND 439 OF REPUBLIC ACT NO. 10607, OTHERWISE KNOWN AS "THE INSURANCE CODE", AS AMENDED | |
| SHORT TITLE : Reorganizing And Converting The Insurance Commission Into A Collegial Body, Amending Sections 437, 438 And 439 Of Republic Act No. 10607, Otherwise Known As "the Insurance Code", | |
| ABSTRACT : Aims to regulate the insurance industry and bring stability in the Commission which would now require a majority vote of its members in setting policies and guidelines as well as the exercise of its administrative and adjudicatory powers. | |
| PRINCIPAL AUTHOR/S : GARIN, SHARON S., RODRIGUEZ, RUFUS B., SALCEDA, JOEY SARTE, BENITEZ, JOSE FRANCISCO "KIKO" B., SANGCOPAN, AMIHILDA J., GORRICETA, MICHAEL B., BIAZON, RUFFY B., AUMENTADO, ERICO ARISTOTLE C., SINGSON-MEEHAN, KRISTINE, AGLIPAY, MICHAEL EDGAR Y., BARONDA, JULIENNE "JAM" L., QUIMBO, STELLA LUZ A., VILLAFUERTE, LUIS RAYMUND "LRAY" JR F., BELMONTE, JOSE CHRISTOPHER Y., DE VENECIA, CHRISTOPHER V.P., GONZAGA, RUWEL PETER S., MATUGAS, FRANCISCO JOSE "BINGO" II F., CPA, CESO, LLB, NATIVIDAD-NAGAÑO, MARICEL G., MD. | |
| DATE FILED : 2020-05-04 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Nieto (000 2020-05-28) | 2. Cagas (000 2020-06-02) |
| AUTHORS(Final/Third Reading) : | |
| 1. Garin (S.) | 2. Rodriguez |
| 3. Salceda | 4. Benitez |
| 5. Sangcopan | 6. Gorriceta |
| 7. Biazon | 8. Aumentado |
| 9. Singson-Meehan | 10. Aglipay |
| 11. Baronda | 12. Quimbo |
| 13. Villafuerte | 14. Belmonte |
| 15. De Venecia | 16. Gonzaga |
| 17. Matugas | 18. Natividad-Nagaño |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 00302 | |
| SUBMITTED ON 2020-05-04 | |
| SUBMITTED BY: ECONOMIC AFFAIRS | |
| RECOMMENDATIONS: Recommending its approval in substitution of House Bills Numbered 6162 and 6292 | |
| SUBSTITUTED BILLS: HB06162, HB06292 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2020-05-05 | |
| DATE INCLUDED IN OB: 2020-05-05 | |
| DATE CALENDARED : 2020-05-26 | |
| SECOND READING INFORMATION | |
| PERIOD OF SPONSORSHIP : 2020-05-27 | |
| SPONSORED BY : Garin (S.) | |
| DATE SPONSORSHIP/DEBATE CLOSED: 2020-05-27 | |
| FINAL LIST OF AUTHORS : Garin (S.), Rodriguez, Salceda, Benitez, Sangcopan, Gorriceta, Biazon, Aumentado, Singson-Meehan, Aglipay, Baronda, Quimbo, Villafuerte, Belmonte, De Venecia, Gonzaga, Matugas, Natividad-Nagaño | |
| DATE APPROVED ON SECOND READING : 2020-05-27 | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2020-05-28 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2020-06-02 | |
| THIRD READING TITLE : AN ACT REORGANIZING AND CONVERTING THE INSURANCE COMMISSION INTO A COLLEGIAL BODY, AMENDING SECTIONS 437, 438 AND 439 OF REPUBLIC ACT NO. 10607, OTHERWISE KNOWN AS "THE INSURANCE CODE", AS AMENDED | |
| HOUSE VOTES: YEAS:203 NAYS:0 ABSTAIN:.1 | |
| Voting Details Per Member(Legend:Y-Yes N-No A-Abstain X-Did Not Vote B-Absent D-N/A) | |
| Y---Abante | Y---Abaya |
| Y---Abellanosa | Y---Abu |
| Y---Abueg-Zaldivar | X---Abunda |
| Y---Acop | Y---Acosta |
| Y---Acosta-Alba | X---Adiong |
| X---Advincula | Y---Agabas |
| Y---Agarao | Y---Aglipay |
| Y---Albano (A.) | D---Albano (R.)--(N/A) |
| Y---Vargas Alfonso | Y---Almario |
| Y---Alonte | Y---Alvarez (F.) |
| X---Alvarez (G.) | Y---Alvarez (P.) |
| Y---Amante-Matba | X---Amatong |
| Y---Andaya | Y---Angara |
| Y---Aragones | Y---Arbison |
| X---Arenas | Y---Macapagal Arroyo |
| Y---Arroyo | X---Atienza |
| Y---Aumentado | Y---Babasa |
| Y---Bagatsing | Y---Bainto-Aguinaldo |
| Y---Balindong | X---Bañas-Nograles |
| Y---Barba | Y---Barbers |
| X---Baronda | X---Barzaga |
| Y---Bascug | Y---Bautista |
| Y---Bautista-Bandigan | Y---Belmonte |
| Y---Benitez | X---Bernos |
| Y---Biazon | Y---Billones |
| X---Biron | Y---Bolilia |
| Y---Bondoc | A---Bordado |
| Y---Bravo | Y---Brosas |
| X---Bulut | Y---Bustos |
| Y---Cabatbat | X---Cabochan |
| Y---Cabredo | Y---Cagas |
| Y---Calderon | X---Calixto |
| X---Caminero | Y---Campos |
| X---Canama | X---Caoagdan |
| D---Cardema--(N/A) | Y---Cari |
| Y---Castelo | Y---Castro (F.L.) |
| X---Castro (F.H.) | Y---Cayetano (A.P.) |
| Y---Cayetano (M.L.) | Y---Celeste |
| Y---Chatto | Y---Chipeco |
| Y---Chungalao | Y---Co (A.N.) |
| X---Co (E.) | X---Cojuangco |
| Y---Collantes | X---Crisologo |
| X---Cua | Y---Cuaresma |
| Y---Cueva | X---Cullamat |
| Y---Dagooc | Y---Dalipe |
| Y---Dalog | Y---Datol |
| X---Ruiz Daza | Y---De Jesus |
| X---De Venecia | Y---Defensor (L.) |
| X---Defensor (M.) | Y---Del Mar |
| Y---Delos Santos | Y---Deloso-Montalla |
| Y---Dimaporo (A.) | Y---Dimaporo (M.K.) |
| X---Duavit | X---Dujali |
| Y---Duterte | Y---Dy (F.M.C.) |
| Y---Dy (F.) | X---Dy (I.P.) |
| X---Ebcas | Y---Ecleo |
| Y---Elago | Y---Enverga |
| Y---Erice | Y---Eriguel |
| Y---Ermita-Buhain | Y---Escudero |
| Y---Espina | Y---Espino |
| Y---Estrella | Y---Fariñas (R.C.) |
| X---Fariñas I (R.C.) | X---Fernandez |
| X---Fernando | Y---Ferrer (J.M.) |
| X---Ferrer (L.) | X---Flores |
| D---Fongwan--(N/A) | Y---Fortun |
| Y---Fortuno | Y---Frasco |
| X---Fuentebella | Y---Gaite |
| X---Garbin | Y---Garcia (J.E.) |
| Y---Garcia (P.J.) | Y---Garcia (V.) |
| X---Garin (J.) | X---Garin (S.) |
| Y---Gasataya | X---Gatchalian |
| Y---Gato | X---Geron |
| Y---Go (E.C.) | Y---Go (M.) |
| X---Torres-Gomez | X---Gonzaga |
| Y---Gonzales (A.) | Y---Gonzales (N.) |
| Y---Gonzalez | Y---Gorriceta |
| Y---Guico | Y---Gullas |
| X---Guya | X---Haresco |
| Y---Hataman | Y---Hernandez |
| Y---Herrera-Dy | Y---Hofer |
| Y---Jalosjos | X---Javier |
| Y---Jimenez | Y---Kho (E.) |
| X---Kho (W.) | X---Khonghun |
| Y---Labadlabad | Y---Lacson |
| X---Lacson-Noel | X---Lagman |
| Y---Lagon | Y---Lara |
| Y---Lazatin | X---Leachon |
| X---Legarda | Y---Lim |
| Y---Limkaichong | Y---Lopez (M.L.) |
| X---Loyola | Y---Lusotan |
| Y---Maceda | X---Madrona |
| Y---Malapitan | X---Mangaoang |
| Y---Mangudadatu | X---Marcoleta |
| Y---Mariano-Hernandez | Y---Mariño |
| Y---Marquez | X---Martinez |
| Y---Matba | Y---Matugas |
| X---Mendoza | X---Mercado |
| Y---Momo | Y---Natividad-Nagaño |
| Y---Nava | Y---Nieto |
| X---Noel | Y---Nograles (J.J.) |
| X---Nograles (J.F.F.) | X---Nolasco |
| X---Nuñez-Malanyaon | Y---Oaminal |
| Y---Olivarez | Y---Ong (J.) |
| Y---Ong (R.) | D---Ordanes--(N/A) |
| Y---Ortega | Y---Ouano-Dizon |
| X---Pacquiao (A.) | Y---Pacquiao (R.) |
| Y---Padiernos | Y---Paduano |
| Y---Palma | X---Pancho |
| X---Panotes | Y---Peña |
| X---Pichay | Y---Pimentel |
| X---Pineda | Y---Plaza |
| Y---Puno | Y---Quimbo |
| Y---Radaza | Y---Ramirez-Sato |
| X---Ramos | Y---Remulla |
| Y---Revilla | X---Reyes |
| Y---Rivera | Y---Robes |
| Y---Rodriguez | Y---Roman |
| X---Romero | Y---Romualdez (F.M.) |
| Y---Romualdez (Y.M.) | Y---Romualdo |
| Y---Romulo | Y---Roque |
| X---Sacdalan | X---Sagarbarria |
| X---Sakaluran | X---Salceda |
| Y---Salimbangon | Y---Salo |
| Y---Salvador-Tambunting | Y---Sanchez |
| Y---Sangcopan | Y---Santos-Recto |
| Y---Sarmiento | Y---Saulog |
| X---Savellano | Y---Siao |
| Y---Silverio | X---Singson |
| Y---Singson-Meehan | X---Sinsuat |
| Y---Suansing (E.) | Y---Suansing (H.) |
| X---Suarez (A.) | X---Suarez (D.) |
| Y---Suntay | X---Sy-Alvarado |
| Y---Taduran | Y---Tallado |
| X---Tan (A.S.) | Y---Tan (A.) |
| X---Tan (S.) | Y---Tan (S.A.) |
| X---Tan-Tambut | X---Tejada |
| X---Teves (A.) | Y---Teves (J.) |
| Y---Tiangco | Y---Tolentino |
| X---Tulfo | Y---Tupas |
| Y---Tutor | X---Ty (A.) |
| X---Ty (D.) | Y---Umali (A.) |
| Y---Umali (M.V.) | Y---Unabia |
| Y---Ungab | Y---Uy (J.) |
| X---Uy (R.) | Y---Valeriano |
| Y---Valmayor | Y---Vargas |
| Y---Velasco | Y---Veloso |
| X---Vergara | Y---Villa |
| Y---Villafuerte | Y---Villanueva (E.) |
| Y---Villanueva (N.) | X---Villar |
| Y---Villaraza-Suarez | Y---Villarica |
| X---Violago | X---Yap (E.) |
| Y---Yap (V.) | Y---Yu |
| X---Zamora (R.) | X---Zamora (W.K.) |
| Y---Zarate | X---Zubiri |
| DATE TRANSMITTED TO THE SENATE: 2020-06-03 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2020-06-03 | |
| REMARKS : |
Senate Legislative History
Entitled: AN ACT REORGANIZING AND CONVERTING THE INSURANCE COMMISSION INTO A COLLEGIAL BODY, AMENDING SECTIONS 437, 438 AND 439 OF REPUBLIC ACT NO. 10607, OTHERWISE KNOWN AS ‘THE INSURANCE CODE’, AS AMENDED [ FIRST REGULAR SESSION, 18TH CONGRESS ] [ 2020 ] Introduced by Representatives SHARON S. GARIN, RUFUS B. RODRIGUEZ, JOEY SARTE SALCEDA, FRANCISCO "KIKO" B. BENITEZ, et. al.; Approved on Third Reading by the House of Representatives on June 2, 2020; 6/3/2020 Sent to the Senate requesting for concurrence; 6/4/2020 Read on First Reading and Referred to the Committee(s) on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES and JUSTICE AND HUMAN RIGHTS;
Abstract
Aims to regulate the insurance industry and bring stability in the Commission which would now require a majority vote of its members in setting policies and guidelines as well as the exercise of its administrative and adjudicatory powers.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.