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Republic Act
Approved June 16, 1951

Republic Act No. 662

An act to create and establish a "property insurance fund" and to provide for its administration and for other purposes.

AN ACT TO CREATE AND ESTABLISH A "PROPERTY INSURANCE FUND" AND TO PROVIDE FOR ITS ADMINISTRATION AND FOR OTHER PURPOSES.

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In plain language

Republic Act No. 656 establishes the Property Insurance Fund to indemnify the government for damages to its properties and sets forth its administration, insurance requirements, and financial procedures.

  • Creation of the Property Insurance Fund.
  • Administration under the Government Service Insurance System.
  • Mandate for all governments to insure properties with the Fund.
  • Regulation of premium collection and penalties for non‑compliance.
  • Statistical data collection and annual reporting.
  • Designation of the Auditor General as ex‑officio auditor.
  • Distribution of disposable surplus among insured governments.
Insurance
Property
Government
Finance
Philippines

[ REPUBLIC ACT NO. 662, June 16, 1951 ]

AN ACT ESTABLISHING A BLOOD PLASMA DEHYDRATING PLANT

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

Section 1

There is hereby established, under the Department of Health, a blood plasma dehydrating plant for the purpose of collecting, treating, conserving and storing blood to be used in minimizing suffering and saving human lives.

Section 2

The Secretary of Health shall, in accordance with the Civil Service Law and regulations and the Salary Law, appoint and fix the salary of the personnel to carry out the purpose of this Act.

Section 3

The Secretary of Health shall issue such rules and regulations as may be necessary to carry out the purpose of this Act.

Section 4

There is authorized to be appropriated, out of any funds in the National Treasury not otherwise appropriated, the sum of seven hundred thousand pesos for the establishment, operation and maintenance of the blood plasma dehydrating plant during the fiscal year nineteen hundred and fifty-one.

Section 5

This Act shall take effect upon its approval.

Approved, June 16, 1951.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.