Bill Type
Congress Name
Full Title of Bill
AN ACT EXPANDING THE SERVICES OF THE PHILIPPINE CROP INSURANCE CORPORATION AND ENCOURAGING PRIVATE SECTOR PARTICIPATION IN AGRICULTURAL INSURANCE, FURTHER AMENDING SECTION 1 AND SECTION 3.11 OF PRESIDENTIAL DECREE NO. 1467, CREATING THE PHILIPPINE CROP INSURANCE CORPORATION, AS AMENDED
Short Title
PHILIPPINE CROP INSURANCE CORPORATION
Text as Filed (File)
Third Reading Copy link (HRep)
Date filed
March 1, 2023
Date Read
March 6, 2023
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
67
Session Type
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
Senate Legis Intranet Link
Bill Status
Approved by the House on 2023-03-21, transmitted to the Senate on 2023-03-22 and received by the Senate on 2023-03-22
Committee Details
Primary Committee
House Committee Report link
House Counterpart
Date Approved on Third Reading (HRep)
March 21, 2023
Legislative History
Entitled: AN ACT EXPANDING THE SERVICES OF THE PHILIPPINE CROP INSURANCE CORPORATION AND ENCOURAGING PRIVATE SECTOR PARTICIPATION IN AGRICULTURAL INSURANCE, FURTHER AMENDING PRESIDENTIAL DECREE NO. 1467, CREATING THE PHILIPPINE CROP INSURANCE CORPORATION, AS AMENDED [ FIRST REGULAR SESSION, 19TH CONGRESS ] [ 2023 ] Introduced by Representatives JOEY SARTE SALCEDA, HARRIS CHRISTOPHER M. ONGCHUAN, MARLYN L. PRIMICIAS-AGABAS, JOHN TRACY F. CAGAS, WILBERT T. LEE, et. al.; Approved on Third Reading by the House of Representatives on March 21, 2023; 3/22/2023 Sent to the Senate requesting for concurrence; 5/9/2023 Read on First Reading and Referred to the Committees on GOVERNMENT CORPORATIONS AND PUBLIC ENTERPRISES and AGRICULTURE, FOOD AND AGRARIAN REFORM; 5/18/2023 Conducted COMMITTEE MEETINGS/HEARINGS; 5/22/2023 Conducted COMMITTEE MEETINGS/HEARINGS; 7/6/2023 Conducted TECHNICAL WORKING GROUP;
Senate Legislative History
Entitled: AN ACT EXPANDING THE SERVICES OF THE PHILIPPINE CROP INSURANCE CORPORATION AND ENCOURAGING PRIVATE SECTOR PARTICIPATION IN AGRICULTURAL INSURANCE, FURTHER AMENDING PRESIDENTIAL DECREE NO. 1467, CREATING THE PHILIPPINE CROP INSURANCE CORPORATION, AS AMENDED [ FIRST REGULAR SESSION, 19TH CONGRESS ] [ 2023 ] Introduced by Representatives JOEY SARTE SALCEDA, HARRIS CHRISTOPHER M. ONGCHUAN, MARLYN L. PRIMICIAS-AGABAS, JOHN TRACY F. CAGAS, WILBERT T. LEE, et. al.; Approved on Third Reading by the House of Representatives on March 21, 2023; 3/22/2023 Sent to the Senate requesting for concurrence; 5/9/2023 Read on First Reading and Referred to the Committees on GOVERNMENT CORPORATIONS AND PUBLIC ENTERPRISES and AGRICULTURE, FOOD AND AGRARIAN REFORM; 5/18/2023 Conducted COMMITTEE MEETINGS/HEARINGS; 5/22/2023 Conducted COMMITTEE MEETINGS/HEARINGS; 7/6/2023 Conducted TECHNICAL WORKING GROUP;
Abstract
ABSTRACT : Aims to ensure protection of more Filipino farmers from financial losses arising from natural calamities, plant diseases, and pest infestation, and direct the resources of private sector entities consisting of cooperatives and farmer's organizations, to invest in agricultural insurance. Proposes the expansion of the insurance services of the PCIC to all agricultural commodities, from the traditional palay crops to now include livestock, fisheries and aquaculture, agroforestry projects and forest plantations, and non-crop agriculture assets such as machinery, equipment, transport facilities, and other related infrastructures.
Significance