Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Batasan Hills, Quezon City 
TWENTIETH CONGRESS 
First Regular Session 
HOUSE BILL NO. 1917 
Introduced by  
HON. ATTY. GERVILLE “JINKY BITRICS” R. LUISTRO 
AN ACT 
EXPANDING THE SERVICES OF THE PHILIPPINE CROP INSURANCE 
CORPORATION AND ENCOURAGING PRIVATE SECTOR 
PARTICIPATION IN AGRICULTURAL INSURANCE, FURTHER 
AMENDING SECTIONS 1 AND 3.11 OF PRESIDENTIAL DECREE NO. 1467, 
CREATING THE PHILIPPINE CROP INSURANCE CORPORATION, AS 
AMENDED 
EXPLANATORY NOTE 
Agriculture is a lifeline for countless Filipino families and a cornerstone of rural 
development. Yet, farmers and fisherfolk remain highly exposed to risks—typhoons, droughts, 
pests, and market fluctuations—that threaten both livelihoods and long-term productivity. These 
challenges are made worse by the intensifying effects of climate change and economic uncertainty. 
To address these risks, agricultural insurance must evolve into a more inclusive and 
effective safety net. While Presidential Decree No. 1467 created the Philippine Crop Insurance 
Corporation (PCIC) to insure farmers against crop losses, its coverage remains limited and 
outdated, unable to meet the diverse and growing needs of the sector. 
This bill proposes to amend Sections 1 and 3.11 of P.D. No. 1467 to modernize and expand 
the PCIC’s mandate. It seeks to extend insurance coverage beyond palay to include high-value 
crops, livestock, fisheries, aquaculture, agroforestry, and key agricultural assets like machinery 
and rural infrastructure. The measure also allows the PCIC to provide reinsurance services and 
partner with private insurers and cooperatives to broaden access and encourage innovation. To 
ensure financial sustainability, it authorizes the PCIC to explore alternative funding mechanisms 
such as bond issuance and entry into other insurance lines. 
July 15, 2025
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Through these reforms, the bill aims to build a more responsive, competitive, and 
sustainable agricultural insurance system—one that empowers producers, attracts investment, and 
reinforces the country’s food security and rural resilience. 
In view of the foregoing, the swift passage of this measure is earnestly recommended. 
HON. ATTY. GERVILLE “JINKY BITRICS” R. LUISTRO 


Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Batasan Hills, Quezon City 
TWENTIETH CONGRESS 
Third Regular Session 
HOUSE BILL NO. 1917 
Introduced by  
HON. ATTY. GERVILLE “JINKY BITRICS” R. LUISTRO 
AN ACT 
EXPANDING THE SERVICES OF THE PHILIPPINE CROP INSURANCE 
CORPORATION AND ENCOURAGING PRIVATE SECTOR 
PARTICIPATION IN AGRICULTURAL INSURANCE, FURTHER 
AMENDING SECTIONS 1 AND 3.11 OF PRESIDENTIAL DECREE NO. 1467, 
CREATING THE PHILIPPINE CROP INSURANCE CORPORATION, AS 
AMENDED 
Be it enacted by the Senate and House of Representatives of the Philippines in Congress 
assembled: 
SECTION 1. It is the policy of the State to develop and sustain a broad-based agricultural 
insurance system that safeguards farmers and fisherfolk from losses caused by natural disasters, 
pests, diseases, and other unforeseen events. This initiative aims to secure the income of 
agricultural producers, protect a wide range of commodities—including crops, livestock, 
aquaculture, and related infrastructure—and promote inclusive growth in the sector. To support 
this, the State shall encourage private sector involvement by empowering the Philippine Crop 
Insurance Corporation (PCIC) to enter into reinsurance partnerships and expand its coverage to 
emerging areas such as agro-fisheries and forest plantations. 
SEC. 2. Section 1 of Presidential Decree No. 1467, as amended, is hereby further amended, 
to read as follows: 
“SEC. 1. Creation of the Philippine Crop Insurance Corporation. – There 
is hereby created a body corporate to be known as the “Philippine Crop Insurance 
Corporation” (PCIC and herein called the Corporation) which shall be attached to 
the Department of Agriculture for budgetary purposes. The Corporation shall 


insure [qualified] farmers against losses arising from natural calamities, plant 
diseases, and pest infestations. [Initially,] [t]The Corporation shall provide 
insurance 
coverage 
for 
ALL 
AGRICULTURAL 
COMMODITIES, 
INCLUDING palay crops, and [later on to] other crops, without prejudice to the 
inclusion of other non-crop agricultural assets, such as [but not limited to] 
LIVESTOCK, AQUACULTURE AND FISHERY, AGROFORESTRY, 
FOREST PLANTATIONS, machineries, equipment, transport facilities, and 
other related infrastructures, as the Board of Directors of the Corporation may 
determine. Such [crop] insurance shall cover, in every case, the cost of production 
inputs, the value of the farmer's own labor and those of the members of his 
household, including the value of the labor of hired workers, and a portion of the 
expected yield as the Board of Directors, in its discretion, decide to insure. Such 
insurance protection, however, shall exclude losses arising from avoidable risks 
emanating from or due to the negligence, malfeasance or fraud committed by the 
insured or any member of his immediate farm household or employee [or the 
failure of the insured to follow proven farm practices]. THE CORPORATION 
SHALL ALSO OFFER REINSURANCE SERVICES FOR ENTITIES 
WILLING TO OFFER AGRICULTURAL INSURANCE.” 
 
SEC. 3. Subsection 3.11 of Section 3 of Presidential Decree No. 1467, as amended, is 
hereby further amended to read as follows: 
“3.11. To generate internal funds by floating bonds, expansion to other 
insurance lines, INCLUDING REINSURANCE AGREEMENTS WITH 
AGRICULTURAL COOPERATIVES, FARMERS’ ASSOCIATIONS, AND 
OTHER PRIVATE SECTOR PARTICIPANTS IN THE AGRICULTURAL 
INSURANCE MARKET, and extending coverage to other areas of agriculture, 
SUCH 
AS 
LIVESTOCK, 
AQUACULTURE 
AND 
FISHERY, 
AGROFORESTRY, OR FOREST PLANTATIONS,  in order to address THE 
insurance needs of the target sector and to do and perform acts and things and to 
exercise all the general powers conferred by law upon the Corporation as are 
incidental or conducive to the attainment of the objectives of the Corporation.” 


 
SEC. 5. All laws, decrees, executive orders, proclamations, and administrative regulations, 
or parts thereof inconsistent herewith are hereby repealed or modified accordingly.   
 
SEC. 6. This Act shall take effect fifteen (15) days after its publication in the Official 
Gazette or in any newspaper of general circulation.   
 
Approved,