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Executive Order No. 148 (2021)
the Department of Finance (DOF) is the agency primarily responsible in ensuring the sound and efficient management of the financial resources of the government, its subdivisions, agencies and instrumentalities, and is mandated to formulate, institutionalize and administer fiscal policies in coordination with other concerned subdivisions, agencies and instrumentalities of government;
Section 1. Attachment of the PCIC to the DOF. The PCIC is hereby transferred from the Department of Agriculture and attached to the Department of Finance for policy and program coordination, and general supervision.
Section 2. Reorganization of the PCIC Board.—The PGIC Board of Directors is hereby reorganized as follows:
Chairperson : Secretary, Department of Finance
Vice-Chairperson : Secretary, Department of Agriculture
Members : President, Philippine Crop insurance Corporation
President, Land Bank of the Philippines
President and General Manager, Government Service Insurance System
Representative from the private insurance industry, to be nominated by the Secretary of Finance
Representative from the subsistence farmer's sector, preferably representing agrarian reform beneficiaries/cooperatives/associations, who shall be selected and nominated by the different farmers' organizations and/or cooperatives
Section 3.
Separability. —If any provision of this Order is declared invalid or unconstitutional, the other provisions not affected thereby shall remain valid and subsisting.
Section 4.
Repeal. —All orders, rules and regulations, and other issuances inconsistent with the provisions of this Order are hereby revoked or modified accordingly.
Section 5.
Effectivity. —This Order shall take effect immediately.
DONE, in the City of Manila, this 14th day of September , in the year of our Lord, Two Thousand and Twenty-One.
—(SGD.)— RODRIGO ROA DUTERTE
By the President:
(SGD.)— SALVADOR C. MEDIALDEA Executive Secretary