RMC No. 82-2017: Publishes the full text of Administrative Order No. 4, entitled “Creating an Inter-Agency Committee to Formulate the Necessary Policies, Rules and Regulations for the Purpose of Ensuring that the Key Properties, Assets and Other Insurable Interests of the Government are Comprehensively and Adequately Insured”

Key points

1. Committee membership. The Department of Finance chairs the Committee and the Office of the Executive Secretary is co-chairman. The members are the Department of Budget and Management, the Insurance Commission and the Government Service and Insurance System.
2. Support and consultation. The DOF, through the Bureau of the Treasury, gives technical and administrative support. The Committee consults other government agencies, instrumentalities and stakeholders as necessary.
3. Terminal report. The Committee submits a terminal report to the President within one (1) year after it is convened and then ceases to exist.
4. Continuing DOF role. The DOF continues activities to keep key properties, assets and facilities adequately insured. These include an inventory of government assets and monitoring and reporting so agencies keep insuring their properties under the Committee’s guidelines.

Who is affected

• Government agencies and instrumentalities

Deadlines and effectivity

• Terminal report: within one (1) year after the Committee is convened