AN ACT TO AMEND SECTION FORTY-SEVEN AND SUBSECTION (B) OF SECTION ONE HUNDRED EIGHTY-FOUR OF ACT NUMBERED TWENTY-FOUR HUNDRED AND TWENTY-SEVEN OTHERWISE KNOWN AS "THE INSURANCE ACT".

AN ACT TO AMEND SECTION ONE HUNDRED AND NINETY-FIVE OF ACT NUMBERED TWENTY-FOUR HUNDRED AND TWENTY-SEVEN, OTHERWISE KNOWN AS "THE INSURANCE ACT", AS AMENDED.

AN ACT TO AMEND ACT NUMBERED TWO THOUSAND FOUR HUNDRED AND TWENTY-SEVEN, OTHERWISE KNOWN AS THE INSURANCE ACT, AS AMENDED, BY INSERTING AFTER SECTION TWO HUNDRED AND TWO THEREOF, SECTIONS TWO HUNDRED AND TWO-A TO TWO HUNDRED AND TWO-E, INCLUSIVE, TO GOVERN THE WITHDRAWAL FROM THE PHILIPPINES OF FOREIGN INSURANCE COMPANIES DOING BUSINESS THEREIN AND FOR OTHER PURPOSES.

AN ACT AMENDING SECTION ONE HUNDRED AND SEVENTY-EIGHT OF ACT NUMBERED TWO THOUSAND FOUR HUNDRED AND TWENTY-SEVEN OR "THE INSURANCE ACT", AS AMENDED, AND INSERTING THEREAFTER A NEW SECTION TO BE KNOWN AS SECTION ONE HUNDRED AND SEVENTY-EIGHT-A REQUIRING FOREIGN INSURANCE COMPANIES TO INCREASE THEIR SECURITY DEPOSITS AND TO INVEST IN THE PHILIPPINES A FRACTION OF THE LEGAL RESERVES ON THE POLICIES WRITTEN THEREIN.

AN ACT TO AMEND THE INSURANCE LAW WITH RESPECT TO THE LOANS AND PROPERTY OF INSURANCE CORPORATIONS AND TO AUTHORIZE LIFE INSURANCE COMPANIES TO INVEST IN HOUSING AND REAL ESTATE PROJECTS.