Home of ChanRobles Virtual Law Library

Republic Acts

Republic Act No. 6112

PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY

REPUBLIC ACTS




REPUBLIC ACT NO. 6112
REPUBLIC ACT NO. 6112 - AN ACT TO STRENGTHEN THE WORKING FORCE OF THE OFFICE OF INSURANCE COMMISSIONER AND TO PROVIDE CAREER INCENTIVES THEREIN

Section 1. Any provision of existing law, executive order, rule or regulation to the contrary notwithstanding, the adjustments of the old annual rates of salaries to the corresponding steps in the new salary range of the following officials and employees of the Office of the Insurance Commissioner as indicated hereunder are hereby authorized:

Old Salary Range New Salary Range

Positions FROM TO
Range Minimum Maximum Range Minimum Maximum

Insurance Commissioner 65 P14,532 P17,724 68 P16,860 P20,580

Assistant Insurance
Commissioner 60 11,328 13,824 63 13,152 16,044

Actuarial Consultant 55 8,832 10,776 58 10,260 12,516

Junior Actuarial
Researcher 34 3,108 3,792 37 3,612 4,404

Chief Insurance
Examiner 51 7,236 8,832 54 8,400 10,260

Assistant Chief
Insurance Examiner 49 6,552 7,992 52 7,608 9,288

Supervising Insurance
Examiner 47 5,928 7,236 50 6,888 8,400

Senior Insurance
Examiner 45 5,276 6,552 48 6,240 7,608

Insurance Examiner II 43 4,860 5,928 46 5,640 6,888

Insurance Examiner I 38 3,792 4,632 41 4,404 5,376

Insurance Examiner Aide 33 2,952 3,612 36 3,432 4,188

Examination Rating
Supervisor 47 5,928 7,236 50 6,888 8,400

Chief Actuarial and
Rating Examiner 51 7,236 8,832 54 8,400 10,260

Assistant Chief Actuarial
and Rating Examiner 49 6,552 7,992 52 7,608 9,288

Supervising Actuarial and
Rating Examiner 47 5,928 7,236 50 6,888 8,400

Senior Actuarial and
Rating Examiner 45 5,276 6,552 48 6,240 7,608

Actuarial and Rating
Examiner II 43 4,860 5,928 46 5,640 6,888

Actuarial and Rating
Examiner I 38 3,792 4,632 41 4,404 5,376

Sec. 2. The provisions of any law, executive order, rule or regulation to the contrary notwithstanding, the incumbents of the positions mentioned in Section one hereof shall continue to occupy their respective positions and receive the salary rates as adjusted in this Act without the necessity of issuing new appointments to them.

Sec. 3. The salary differentials resulting from the adjustment of salaries authorized in this Act shall be paid out of any savings in the appropriations of the Office of the Insurance Commissioner authorized in the General Appropriations Act for the fiscal year nineteen hundred sixty-nine to nineteen hundred seventy as well as from assessment levied pro rata upon all domestic insurance and foreign insurance companies operating in the Philippines in proportion to the gross premiums during the period for which assessment is made as authorized under Section two of Republic Act Numbered Two hundred seventy-five. Thereafter, the funds needed to implement the provisions of this Act shall be included in the General Appropriations Act.

Sec. 4. This Act shall take effect upon its approval.

Approved: August 4, 1969

chanrobles virtual law library
Back to Main

chanroblesvirtuallawlibrary

Top of Page