The Insurance Industry is one of the most regulated Industries in the country second to the Banking Industry, with both being in the financial services sector. However in the Philippines, the Insurance Industry’s main regulator, the Insurance Commission counts other Industries not related to Insurance under its regulatory ambit and this includes Health Maintenance Organizations, the Pre-Need Industry, The Mutual Benefit Associations and their respective ancillary industries.
Source:
Modernizing Government Regulations Program |
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