Salary Adjustment for Officers and Personnel of Office of Insurance Commissioner

August 4, 1969

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 RangeFROM	New Salary RangeTO
Positions
	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

SECTION 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.

SECTION 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.

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

Approved: August 4, 1969

Published in the Official Gazette, Vol. 66, No. 18, p. 4555 on May 4, 1970