A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library This page features the full text of Presidential Decree No. 1460 A DECREE TO CONSOLIDATE AND CODIFY ALL THE INSURANCE LAWS OF THE PHILIPPINES.
PRESIDENTIAL DECREE NO. 1460 . chan robles virtual law library
WHEREAS,
Presidential
Decree No. 612, known as the Insurance Code of the Philippines, has
undergone several amendments since its promulgation on December 18,
1974;
.
chanrobles virtual law library
WHEREAS, there exist in the said Code a substantial number of provisions rendered obsolete by subsequent issuances of amendatory laws, decrees and executive orders thereby making it imperative to consolidate, codify and integrate such amendatory laws, decrees and executive orders to harmonize their provisions for the proper guidance of the public and efficient administration thereof; . chanrobles virtual law library
WHEREAS,
there likewise exist in the said Code certain provisions which are
impractical
in application, thus, necessitating revision in order to infuse
flexibility,
keep pace with the changing needs and demands of industries in line
with
new risks and arising out of new international developments.
.
chanrobles virtual law library
NOW, THEREFORE, I FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers in me vested by the Constitution do hereby order and decree as follows: . chanrobles virtual law library Section 1. Codification of all insurance laws. — All insurance laws embodied in the present Insurance Code and various laws, presidential decrees and executive orders are hereby consolidated into a single Code to be known as the Insurance Code of 1978 which shall form an integral part of this Decree. . chanrobles virtual law library Sec. 2. Effectivity. — The provisions of the Insurance Code of 1978 shall take effect immediately without prejudice, however, to the effectivity dates of the various laws, decrees and executive orders which have so far amended the provisions of the Insurance Code of the Philippines (Presidential Decree No. 612). . chanrobles virtual law library DONE in the City of Manila, this 11th day of June, in the year of Our Lord, nineteen hundred and seventy-eight. . chanrobles virtual law library Back to Top - Back to Main Index - Back to Home |
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