Amending R.A. No. 275 Re: Salaries of Insurance Commissioner and Asst. Insurance Commissioner
Republic Act No. 898, enacted on June 20, 1953, amends Republic Act No. 275 by renaming the Bureau of Banking to the Office of the Insurance Commissioner. It establishes the titles of Insurance Commissioner and Assistant Insurance Commissioner, along with their corresponding annual salaries—?10,000 for the Insurance Commissioner and ?7,200 for the Assistant Insurance Commissioner. This law took effect upon its approval and was published in the Official Gazette in July 1953.
Law Information
- Reference Number
- Republic Act No. 898
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 20, 1953
REPUBLIC ACT NO. 898
AN ACT AMENDING REPUBLIC ACT NUMBERED TWO HUNDRED SEVENTY-FIVE FIXING THE SALARIES OF THE INSURANCE COMMISSIONER AND THE ASSISTANT INSURANCE COMMISSIONER
SECTION 1. Section one of Republic Act Numbered Two hundred seventy-five is hereby amended to read as follows:
"Sec. 1. The bureau heretofore called the Bureau of Banking shall hereafter be known as the Office of the Insurance Commissioner and the Bank Commissioner and the Assistant Bank Commissioner shall hereafter be called respectively the Insurance Commissioner and the Assistant Insurance Commissioner. The Insurance Commissioner shall receive an annual salary of ten thousand pesos and the Assistant Insurance Commissioner, seven thousand two hundred pesos." cdt
SECTION 2. This Act shall take effect upon its approval.
Approved: June 20, 1953
Published in the Official Gazette, Vol. 49, No. 7, p. 2701 in July 1953
Cite This Law
Amending R.A. No. 275 Re: Salaries of Insurance Commissioner and Asst. Insurance Commissioner, Republic Act No. 898, Jun 20, 1954 (Philippines)
Amending R.A. No. 275 Re: Salaries of Insurance Commissioner and Asst. Insurance Commissioner, Republic Act No. 898 (Phil. 1954)
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