TWENTIETH CONGRESS OF THE 
)
REPUBLIC OF THE PHILIPPINES 
)
First Regular Session 
)
SENATE 
S. No.
of tl;e JT . rtu.i!)
25 AUG-5 P2 :03
RECEIVED 8V.
Introduced by Senator Jinggoy Ejercito Estrada
AN ACT
INSTITUTIONALIZING THE PROVISION OF CROP INSURANCE FOR THE 
FISHERIES LIVESTOCK AND POULTRY SECTORS, AMENDING FOR THE 
PURPOSE SECTION 1 OF PRESIDENTIAL DECREE NO. 1467, AS AMENDED, 
OTHERWISE KNOWN AS THE "REVISED CHARTER OF THE PHILIPPINE 
CROP INSURANCE CORPORATION ACT OF 1995"
EXPLANATORY NOTE
The agriculture and fisheries sectors remain a cornerstone of the Phiiippine 
economy, employing miiiions and piaying a criticai role in ensuring food security for 
the nation. However, these sectors are among the most vulnerable to natural 
disasters, ciimate change, disease outbreaks, and other risks that can result in massive 
losses of livelihood and productivity. While crop farmers benefit from the coverage of 
the Philippine Crop Insurance Corporation (PCIC), other vital players in the food value 
chain—particularly those in fisheries, livestock, and poultry—remain insufficiently 
protected.
This measure seeks to amend Section 1 of Presidential Decree No. 1467, as 
amended, to institutionalize the inclusion of the fisheries, livestock, and poultry sectors 
in the government's agricultural insurance program. By formally expanding the 
mandate of the PCIC, this measure will provide much-needed risk protection and 
financial security to fisherfolk, livestock raisers, and poultry farmers—groups that are 
equally, if not more, exposed to production-related hazards and losses.


Filed by Senator Grace Poe in the 19th Congress, this bill intends to empower 
Filipino farmers and fisherfolk, recognizing their indispensable role in nation-building. 
By pushing for broader insurance coverage through this measure the country's food 
producers will be given support not just in times of stability, but especially in times of 
adversity.
Expanding crop insurance to include fisheries, livestock, and poultry ensures 
that no sector is left behind in government protection and support, especially in the 
face of increasing climate-related risks and economic uncertainty.
In view of the foregoing, the immediate passage of this bill is earnestly sought.
INGGOY EJERCITO ESTRADA


TWENTIETH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session
)
SENATE
S. No. 892
of t!i:' £: 
; ; i':
25 AUG-5 P2:03
RlXtlVtO BY;
Introduced by Senator Jinggoy Ejercito Estrada
AN ACT
INSTITUTIONALIZING THE PROVISION OF CROP INSURANCE FOR THE 
FISHERIES LIVESTOCK AND POULTRY SECTORS, AMENDING FOR THE 
PURPOSE SECTION 1 OF PRESIDENTIAL DECREE NO. 1467, AS AMENDED, 
OTHERWISE KNOWN AS THE "REVISED CHARTER OF THE PHILIPPINE 
CROP INSURANCE CORPORATION ACT OF 1995"
Be it enacted by the Senate and the House of Representatives of the Philippines in 
Congress assembled:
1 
Section 1. Section 1 of Presidential Decree No. 1467, as amended, is hereby
2 
further amended to read as follows:
3 
"SECTION 1. Creation of the Philippine Crop Insurance
4 
Corporation. - There is hereby created a body corporate to be
5 
known as the Philippine Crop Insurance Corporation (PCIC
6 
and herein called the Corporation) which shall be attached to
7 
the Department of Agriculture for budgetary purposes. The
8 
Corporation shall insure qualified farmers AND FISHERFOLK
9 
against losses arising from natural calamities, plant diseases,
10 
and pest infestations. [Initially] [t]The Corporation shall
11 
provide insurance coverage for palay [crops] and [later on
12 
to] Other crops, LIVESTOCK AND POULTRY, AND
13 
UNHARVESTED FISHERIES STOCK, without prejudice to
14 
the inclusion of other non-crop agricultural assets, such as but


1 
not limited to machineries, equipment, transport facilities,
2 
LIVESTOCK AND POULTRY PENS AND CAGES, INLAND
3 
FISHPONDS, FISH CAGES, FISH PENS, FISHING
4 
BOATS, and other related infrastructures, as the Board of
5 
Directors of the Corporation may determine. Such crop
6 
insurance shall cover, in every case, the cost of production
7 
inputs, the value of the farmer's AND/OR FISHERFOLK'S
8 
own labor and those of the members of his household,
9 
including the value of the labor of hired workers, and a portion
10 
of the expected as the Board of Directors, in its discretion,
11 
decide to insure. Such insurance protection, however, shall
12 
exclude losses arising from avoidable risks emanating from or
13 
due to the negligence, malfeasance or fraud committed by the
14 
insured or any member of his immediate farm household or
15 
employee or the failure of the insured to follow proven farm
16 
practices."
17 
Sec. 2. Appropriations. - Such funds as may be necessary to implement the
18 
provisions of this Act shall be included in the annual appropriations of the PCIC under
19 
the Budgetary Support to Government Corporations.
20 
Sec. 3. Impiementing Ruies and Reguiations. - The PCIC shall issue the
21 
implementing rules and regulations necessary for the effective implementation of this
22 
Act within sixty (60) days of its effectivity.
23 
Sec. 4. Separabiiity Ciause. - If any provision of this Act is declared invalid or
24 
unconstitutional, the other provisions not affected thereby shall remain in full force
25 
and effect.
26 
Sec. 5. Repeaiing Ciause. - All laws, presidential decrees, executive orders,
27 
presidential proclamations, rules and regulations or parts thereof contrary to or
28 
inconsistent with this Act are hereby repealed or modified accordingly.
29 
Sec. 6. Effectivity Ciause. - This Act shall take effect fifteen (15) days following
30 
its publication in the Official Gazette or in any newspaper of general circulation.
Approved,