H. INSURANCE COMMISSION Appropriations and Obligations ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ (In Thousand Pesos) Description 2002 2003 2004 ŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ New General Appropriations 63,643 52,502 56,819 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ General Fund 63,643 52,502 56,819 Automatic Appropriations 74,836 15,902 16,657 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Retirement and Life Insurance Premiums 5,402 4,995 5,400 Special Account 69,434 10,907 11,257 Continuing Appropriations 2,591 66,703 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Unobligated Releases for Capital Outlays R.A. No. 9162 64,405 R.A. No. 8760 As Reenacted 2,591 Unobligated Releases for MOOE R.A. No. 9162 2,298 Budgetary Adjustment(s) 2,644 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Transfer(s) from: Bureau of Internal Revenue 637 Miscellaneous Personnel Benefits Fund 2,007 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Total Available Appropriations 143,714 135,107 73,476 Unused Appropriations ( 68,136) ( 66,703) ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Unobligated Allotment ( 68,136) ( 66,703) ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ TOTAL OBLIGATIONS 75,578 68,404 73,476 =============== =============== =============== Proposed New Appropriations Language ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ For general administration and support, and operations, as indicated hereunder.............................P 56,819,000 ============ New Appropriations, by Program/Project ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Current Operating Expenditures ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Maintenance and Other Personal Operating Capital Services Expenses Outlays Total ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ A. PROGRAMS I. General Administration and Support a. General Administration and Support Services P 11,597,000 P 11,597,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Sub-total, General Administration and Support 11,597,000 11,597,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ II. Operations a. Regulatory Services 20,292,000 20,292,000 b. Supervisory Services 19,914,000 19,914,000 c. Consumer and Adjudicatory Services 5,016,000 5,016,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Sub-total, Operations 45,222,000 45,222,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Total, Programs 56,819,000 56,819,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ TOTAL NEW APPROPRIATIONS P 56,819,000 P 56,819,000 =============== =============== Special Provision(s) ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ 1. Use of Income. In addition to the amounts herein appropriated, Eleven Million Two Hundred Fifty Seven Thousand Pesos (P11,257,000) shall be made available to the Commission to cover the requirements for MOOE and capital outlay to be charged against the Insurance Fund from the proceeds of the premium taxes under Special Account 151 in the General Fund, subject to the submission of a Special Budget pursuant to Section 35, Chapter 5, Book VI of E.O. No. 292. 2. Appropriations for Programs and Specific Activities. The amounts herein appropriated for the programs of the agency shall be used specifically for the following activities in the indicated amounts and conditions: Programs and Activities ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Current Operating Expenditures ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Maintenance and Other Personal Operating Capital Services Expenses Outlays Total ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ I. General Administration and Support a. General Administration and Support Services P 11,597,000 P 11,597,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ 1. General management and supervision 11,597,000 11,597,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Sub-total, General Administration and Support 11,597,000 11,597,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ II. Operations a. Regulatory Services 20,292,000 20,292,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ 1. Promulgation and implementation of policies, rules and regulations governing the operations of entities engaged in insurance activities and institutions with benevolent and charitable features 11,053,000 11,053,000 2. Licensing insurance companies, general agents, brokers, adjusters, etc., as well as processing of reinsurance treaties and investments of insurance companies, benevolent associations and charitable trusts and conducting insurance agents examinations 9,239,000 9,239,000 b. Supervisory Services 19,914,000 19,914,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ 1. Examination of the financial conditions of entities engaged in the insurance business, mutual benefit associations and charitable trusts 8,923,000 8,923,000 2. Review of premium rates imposed by non-life companies and statistical reports of adjusters to determine compliance with established standards 6,128,000 6,128,000 3. Evaluation of financial reports of insurance companies, mutual benefit associations and charitable trusts, including the issuance of certification pertaining to the financial conditions of such companies 4,863,000 4,863,000 c. Consumer and Adjudicatory Services 5,016,000 5,016,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ 1. Adjudication of claims and complaints involving loss, damage or liability incurred by an insurer under any kind of policy or contract of insurance of suretyship, including the operational expenses of the branch offices in Cebu, Davao and Dagupan 5,016,000 5,016,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Sub-total, Operations 45,222,000 45,222,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ TOTAL PROGRAMS AND ACTIVITIES P 56,819,000 P 56,819,000 =============== ===============