Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

EIGHTEENTH CONGRESS
First Regular Session

HOUSE BILLNO. 5996
Introduced by: HON. “KUYA” JOSE ANTONIO R. SY-ALVARADO
AN ACT FURTHER AMENDING SECTIONS 101 (A) (1) AND SECTION 169 OF

PRESIDENTIAL DECREE NO. 612, OTHERWISE KNOWN AS “THE INSURANCE
CODE”, AS AMENDED BY REPUBLIC ACT NO. 10607

EXPLANATORY NOTE

Uncertain events and national security risks affect the National Economy. Investors are
reluctant to put up industries since activists are active especially in the region of Mindanao. The
Marawi Siege incident in 2017, aside from causing damage to infrastructure amounting around
Php 11 Billion, also caused damages to an estimated amount of Php 6.6 Billion from investments
and commercial activities.

The rising number of terrorist activities and rebellion expose our countrymen to wide forms
of risks involving death, destruction of property, stoppage of livelihood among others. To address
this contingency, this bill seeks to amend certain provision of the Insurance Code to incl
indemnity for loss due to terrorist and rebellion attacks. This will provide an economic
and an atmosphere conducive for investors and business and for the promotion of comi

Hence, this proposal is submitted for consideration.

“KUYA” JOSE ANTONIO R. SY-ALVARADO},
Representative

First District of Bulacan


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Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

EIGHTEENTH CONGRESS
First Regular Session

HOUSE BILL NO. 9396
Introduced by: “KUYA” JOSE ANTONIO R. SY-ALVARADO

AN ACT FURTHER AMENDING SECTIONS 101 (A) (1) AND SECTION 169 OF
PRESIDENTIAL DECREE NO. 612, OTHERWISE KNOWN AS “THE INSURANCE
CODE”, AS AMENDED BY REPUBLIC ACT NO. 10607

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. Section 101 (a) (1) of Republic Act No. 10607, as amended, otherwise known as
The Insurance Code, is hereby further amended to read as follows:

“Sec. 101 Marine Insurance includes.

(a) Insurance against loos of or damage to:

(1) Vessels, craft, aircraft, vehicles, goods, freights, cargoes, merchandise, effects,
disbursement, profits, moneys, securities, choses in action, instruments of debts,
valuable papers, bottomry, and respondentia interests and all other kinds of property
and interests therein, in respect to, appertaining to or in connection with any and all
risks or perils of navigation, transit or transportation, or while being assembled, packed,
crated, baled, compressed or similarly prepared for shipment or while awaiting
shipment, or during any delays, storage, transshipment, or reshipment incident thereto,
including war, REBELLION AND TERRORISM risks, marine builder's risks, and all
personal property floater risks;

SECTION 2. Section 169 of Republic Act No. 10607, as amended, otherwise known as The
Insurance Code, is hereby further amended to read as follows:

“SEC. 169, As used in this Code, the term fire insurance shall include insurance against
loss by fire, lightning, windstorm, tornado or earthquake, ACTS OF REBELLION OR
TERRORISM and other allied risks, when such risks are covered by extension to fire insurance
policies or under separate policies.”

SECTION 3. Separability Clause. — If any of the sections or provisions of this Act is held invalid,
all other provisions not affected thereby shall remain valid.

SECTION 4. Repealing Clause. — All other laws, acts, presidential decrees, executive orders,
issuance, presidential proclamations, rules and regulations or parts thereof which are contrary to
or inconsistent with any provision of this Act are hereby repealed, amended or modified
accordingly.

SECTION 5. Effectivjt¥. - This Act shall take effect fifteen (15) days after its publication in the
Official Gazette or ig/any newspaper of general circulation, whichever comes earlier.

Approved,