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Section 418. If the total expenses of the Insurance Commissioner for every - Insurance Code (usually included in commercial codals)

Section 418. If the total expenses of the Insurance Commissioner for every of Insurance Code (usually included in commercial codals). Section 418. If the total expenses of the Insurance Commissioner for every fiscal year exceed the aggregate amount of the fees collected under th

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Insurance Code (usually included in commercial codals)

Section 418. If the total expenses of the Insurance Commissioner for every fiscal year exceed the aggregate amount of the fees collected under the pertinent provisions of this Code, the excess shall be charged against the Insurance Fund, which shall hereafter be created out of the proceeds of taxes on insurance premiums mentioned in section two hundred fifty-five of the National Internal Revenue Code, as amended; Provided, however, That pending the creation of said Insurance Fund, the provisions of section two, three and four of Republic Act Numbered Two Hundred Seventy-Five, shall continue to remain in force and effect.

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