XI. DEPARTMENT OF FINANCE H. INSURANCE COMMISSION Appropriations and Obligations ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ (In Thousand Pesos) Description 2003 2004 2005 ŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ New General Appropriations 52,502 52,502 53,166 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ General Fund 52,502 53,166 R.A. No. 9206 29,413 R.A. 9162 As Reenacted 23,089 Automatic Appropriations 15,992 16,657 73,400 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Retirement and Life Insurance Premiums 5,085 5,400 5,053 Special Account 10,907 11,257 68,347 Continuing Appropriations 25,406 895 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Unobligated Releases for Capital Outlays R.A. No. 9162 23,113 R.A. No. 9206 3 Unobligated Releases for MOOE R.A. No. 9162 2,293 R.A. No. 9206 892 Budgetary Adjustment(s) 4,046 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Transfer(s) from: Miscellaneous Personnel Benefits Fund 1,803 Pension and Gratuity Fund 2,243 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Total Available Appropriations 97,946 70,054 126,566 Unused Appropriations ( 1,119) ( 895) ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Unobligated Allotment ( 1,119) ( 895) ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ TOTAL OBLIGATIONS 96,827 69,159 126,566 =============== =============== =============== Proposed New Appropriations Language ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ For general administration and support, and operations, as indicated hereunder.............................P 53,166,000 ============ 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 11,038,000 P 11,038,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Sub-total, General Administration and Support 11,038,000 11,038,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ II. Operations a. Regulatory Services 19,034,000 19,034,000 b. Supervisory Services 18,908,000 18,908,000 c. Consumer and Adjudicatory Services 4,186,000 4,186,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Sub-total, Operations 42,128,000 42,128,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Total, Programs 53,166,000 53,166,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ TOTAL NEW APPROPRIATIONS P 53,166,000 P 53,166,000 =============== =============== Special Provision(s) ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ 1. Use of Income. In addition to the amounts appropriated herein, Sixty Eight Million Three Hundred Forty Seven Thousand Pesos (P68,347,000) shall be made available to the Commission to cover its requirements for MOOE and Capital Outlays 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 appropriated herein 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 11,038,000 P 11,038,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ 1. General management and supervision 11,038,000 11,038,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Sub-total, General Administration and Support 11,038,000 11,038,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ II. Operations a. Regulatory Services 19,034,000 19,034,000 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 10,605,000 10,605,000 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 8,429,000 8,429,000 b. Supervisory Services 18,908,000 18,908,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ 1. Examination of the financial conditions of entities engaged in the insurance business, mutual benefit associations and charitable trusts 7,924,000 7,924,000 2. Review of premium rates imposed by non-life companies and statistical reports of adjusters to determine compliance with established standards 6,170,000 6,170,000 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 4,814,000 4,814,000 c. Consumer and Adjudicatory Services 4,186,000 4,186,000 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 4,186,000 4,186,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ Sub-total, Operations 42,128,000 42,128,000 ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ TOTAL PROGRAMS AND ACTIVITIES P 53,166,000 P 53,166,000 =============== ===============