Insurance Commission (Philippines)
E742238
The Insurance Commission (Philippines) is the government regulatory agency responsible for supervising and regulating the country’s insurance, pre-need, and health maintenance organization (HMO) industries to protect policyholders and the public.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Insurance Commission (Philippines) canonical | 2 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
financial regulator
ⓘ
government regulatory agency ⓘ |
| country | Philippines ⓘ |
| function |
adjudication of insurance-related complaints
ⓘ
approval of insurance products ⓘ consumer protection in insurance and pre-need sectors ⓘ enforcement of insurance laws and regulations ⓘ formulation of rules and regulations for insurance, pre-need and HMOs ⓘ licensing of insurance companies ⓘ licensing of insurance intermediaries ⓘ monitoring of financial condition of regulated entities ⓘ regulation of insurance entities ⓘ supervision of insurance entities ⓘ |
| goal |
ensure solvency of regulated entities
ⓘ
maintain stability of the insurance market ⓘ promote fair and transparent insurance practices ⓘ |
| jurisdiction | Republic of the Philippines NERFINISHED ⓘ |
| legalAuthorityOver |
HMO contracts in the Philippines
ⓘ
insurance contracts issued in the Philippines ⓘ pre-need plans issued in the Philippines ⓘ |
| oversightOf |
adjusters in the Philippines
ⓘ
health maintenance organizations in the Philippines ⓘ insurance agents and brokers in the Philippines ⓘ insurance companies operating in the Philippines ⓘ pre-need plan providers in the Philippines ⓘ |
| purpose |
protection of HMO members
ⓘ
protection of planholders ⓘ protection of policyholders ⓘ protection of the insuring public ⓘ |
| regulates |
health maintenance organizations (HMOs) in the Philippines
ⓘ
health maintenance organizations in the Philippines ⓘ insurance industry in the Philippines ⓘ life insurance companies in the Philippines ⓘ mutual benefit associations in the Philippines ⓘ non-life insurance companies in the Philippines ⓘ pre-need companies in the Philippines ⓘ pre-need industry in the Philippines ⓘ |
| sector |
health maintenance organizations
ⓘ
insurance ⓘ pre-need ⓘ |
| stakeholder |
HMO members
ⓘ
beneficiaries of insurance and pre-need contracts ⓘ planholders ⓘ policyholders ⓘ |
| typeOfRegulation |
market conduct regulation
ⓘ
prudential regulation ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Department of Finance (Philippines)