REPUBLIC ACT NO. 3593 - AN ACT TO
FURTHER AMEND COMMONWEALTH ACT NUMBERED ONE HUNDRED EIGHTY-SIX, AS
AMENDED, TO EFFECT IMMEDIATE LIFE INSURANCE COVERAGE OF COMPULSORY
MEMBERS AND TO INCREASE ADDITIONAL LIFE INSURANCE COVERAGE
Section 1. Subsection (a) of Section eight of Commonwealth
Act Numbered One hundred eighty-six, as amended, is further amended to
read as follows:
"Sec. 8. (a) Compulsory membership insurance. — An
employee whose membership in the System is compulsory shall be
automatically insured on the first day of the calendar month following
the month he was appointed or on the first day of the calendar month he
was appointed if the date of his appointment is the first day of the
month; Provided, That his medical examination, if required, has been
approved by the System; And provided, further, That he has
satisfactorily completed the six-months probationary period required
under the new Civil Service Law Before his appointment become
permanent; And provided, finally, That the rates of premiums as
prescribed in Section five of this Act shall be payable retroactively
by him and his employer under such terms and conditions as the System
may prescribe."
Sec. 2. Section ten of Commonwealth Act Numbered One
hundred eighty-six, as amended, is further amended to read as follows:
"Sec. 10. Optional Insurance. — Upon application to
the Board and on satisfactorily evidence of insurability, each member
may obtain, at any time, additional life insurance as he may desire,
subject to the provisions of Section fourteen hereof; Provided, That
the amount of said additional life insurance shall not exceed an
amount, to the nearest hundred pesos, twice his current annual salary;
And provided, That the full amount of the premiums on such additional
insurance shall be paid by said member, and the amount thereof may be
deducted from his pay or compensation, when expressly authorized by
him."
Sec. 3. This Act shall take effect upon its approval.
Approved: June 22, 1963
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