The Minister, Ministry of Agrarian Reform
        The Minister, Ministry of National Defense
        The Minister, Ministry of Local Governments
        The Director, National Media Production Center
        The President/General Managers, All Lending Institutions (government and private)
         Participating in the Government's Supervised Credit Program
        All City and Municipal Mayors
        The Governor, Central Bank of the Philippines
        The President, Philippine Crop Insurance Corporation

1.    The Ministry of Agriculture shall -

1.1.    Include among the duties and responsibilities of its agricultural production technicians that of assisting farmers in the preparation of their applications for loans and/or crop insurance and in the monitoring and reporting of farm activities for crop insurance purposes;

1.2.    Assign its representatives as members of the teams of adjusters to be organized by PCIC to undertake claims adjustment work; and

1.3.    Include topics on crop insurance in the educational campaign programs of farmers associations/ groups under its supervision in the barrio and barangay levels.

2.1.    Assist the PCIC in the identification of farmers, farm ownership and farm location; and

2.2.    Assign its representatives as members of the teams of adjusters to be organized by PCIC to undertake claims adjustment work.

6.1.    See to it that all farmers obtaining production loans under the supervised credit program are covered by crop insurance;

6.2.    Act as agents of the PCIC in the underwriting and payment of crop insurance, subject to such rules, regulations, guidelines and procedures as PCIC may adopt from time to time.

6.2.1.    accept, process and approve or deny applications for crop insurance from borrowing and non-borrowing farmers;

6.2.2.    collect premium payments from farmers applying for crop insurance;

6.2.3.    issue PCIC prescribed Certificates of Insurance Cover to individual farmers covered by a master insurance policy; and

6.2.4.    receive and transmit to the PCIC Regional Office concerned all claims for losses of insured farmers;

6.3.    Remit to the PCIC all premium payments (both of the farmers and of the lending institutions shares thereof) for crop insurance within the period prescribed by the PCIC;

6.4.    Make payments to insured farmers of insurance proceeds; and

6.5.    Open their books of accounts and other pertinent records to the PCIC or its duly authorized representatives for the purpose of checking, verifying, and auditing insurance premium payments and remittance thereof, and other documents and papers pertinent to crop insurance coverage of the insured farmers.

7.1.    Include, as part of the rules and regulations governing the operations of lending institutions participating in the government's supervised credit program, the roles and functions of these lending institutions in the implementation of crop insurance; 

7.2.    Include as part of the regular examination of these lending institutions the determination of their compliance with the law, rules and regulations of crop insurance, especially on the compulsory coverage of all borrowing farmers under the supervised credit program, and the collection and remittance of premium payments, and inform the PCIC of any violations thereof; and

7.3.    Impose the following sanctions upon lending institutions, their directors and/or officers, for any willful failure or refusal to comply with the law or rules and regulations on crop insurance, or for any commission of irregularities in the discharge of their functions in the implementation of the crop insurance system: 

7.3.1.    Fines not in excess of five hundred pesos a day;

7.3.2.    Suspension or, after due hearing, removal of directors and/or officers;

7.3.3.    Suspension of branching privilege;

7.3.4.    Suspension of rediscounting privilege;

7.3.5.    Suspension of authority to operate; and

7.3.6.    Other sanctions as provided for under existing laws.

Since 19.07.98.