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PHILIPPINE LAWS, STATUTES & CODES
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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 74 -
TRANSFERRING THE PHILIPPINE CROP INSURANCE CORPORATION FROM THE
DEPARTMENT OF FINANCE TO THE DEPARTMENT OF AGRICULTURE
WHEREAS,
the Philippine Crop Insurance Corporation created under Presidential
Decree No. 1467 dated June 11, 1978 is mandated to provide insurance
protection to farmers against losses arising from natural disasters,
plant diseases and pest infestation;
WHEREAS, the Philippine Crop Insurance Corporation was transferred to
the Department of Finance by virtue of Executive Order No. 42 dated
October 15, 2001;
WHEREAS, the Secretaries of the Department of Agriculture and the
Department of Finance have jointly recommended that the Philippine Crop
Insurance Corporation be attached to the Department of Agriculture in
order that the corporation may better fulfill its mandate and make
greater contributions towards achieving a modernized Philippine
agricultural sector founded on social equity, which is one of the key
components of the government’s national agenda for poverty alleviation
and national development;
NOW THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the
Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1.
Sec. 2.
Sec. 3.
City of Manila, February 28,
2002.
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