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"

BU REAU OF INTERNAL REVENUE R EPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

September 08, 2017

REVENUE MEMORANDUM CIRCULAR NO._ 82- &0/7

SUBJECT: Publishing the Full Text of Administrative Order No. 4, Entitled COMPREHENSIVELY AND ADEQUATELY INSURED" "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

TO : All Internal Revenue Officials, Employees and Others Concerned

concerned, attached is the letter dated August 8, 2017 from Atty. Concepcion Zeny E OTHER INSURABLE INTERESTS OF THE COMPREHENSIVELY AND ADEQUATELY INSURED" Ferrolino-Enad, Director IIl of Malacanang Records Office and a certified copy 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 For the information and guidance of all internal revenue officials and others GOVERNMENT ARE

Circular a wide publicity as possible. All concerned are hereby enjoined to be guided accordingly and give this

A

O-5 BUREAU OT ISTERNAL RENENUE Commissioner of Internal Revenue CAESAR R. DULAY 0.09358

RECORDS MGT. DIVISICN

sEP 27 20174 I:28AM: Ma

RECEIVED

ToV 8LL USEc. HEnDs oF ATscifen s/Ase Gtfice at the 3presiaent of the Sphilippines DEPARTMENT OF FINANCE

Aawea Malacanang Ropubllo ot tho Phtltppins

MALACANAnG RECORdS OFFICE

Department of Finance Manila SECRETARY CARLOS G. DOMINGUEZ III Manila, August 8, 2017 BurfatOf INtiLT AUG 1.6 201 M

Sir: OF FICE OF THE COMMISSIONEF TUUH

a certified copy of Administrative Order No.'4 dated August 7, 2017 entitled NECESSARY PoLICIES, RULeS And REgULAtIonS FOR tHE PURPOSe OF ENSURING THAT THE KEY PROPERTIES, ASSETS AND OTHER INSURABLE COMPREHENSIVELY AND ADEQUATELY INSURED" "CREATING' AN INTER-AGENCY COMMITTEE TO FORMULATE THE I have the honor to transmit for your information and guidance, INTERESTS OF THE GOVERNMENT ARE

Thank you.

JDEPT OF FINANCE OEZ Very truly yours,

L0 AUG 2017 ram FFICE OF THE DECRETARY Atty. ConCePCIon Director ENY E. FERROLINO-ENAD -- Acting Head

I.. M- A M S ICARDS MGT DIYISION DREA CT INTERNAL REVENT SEP 27 2017 11:28 UN4 A.M

RECEIVEN

M-128 Mabini Hall, Malacahang, Manila Trunkline 784-4286 loc. 4029/ 4123/ 4153

MALACANAN PALACE MANILA

BY THE PRESIDENT OF THE PHILIPPINES

ADMINISTRATIVE ORDER NO.4

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

WHEREAS, Republic Act (RA) No. 656, or the Property insurance Law, established a Property Insurance Fund, later renamed as the General Insurance Fund (GIF) by Presidential Decree (PD) No. 245 (s. 1973), to indemnify or compensate the Government for any damage to, or loss of, its properties due to fire, earthquake, storm or other casualty;

WHEREAS, under RA No. 656, the national government agencies and local government units, except those belonging to municipalities below first class, are required to insure with the GIF, their properties, assets and other interests against any insurable risk;

WHEREAS, during the Third United Nations World Conference on Disaster Risk Reduction in 2015, insuring government properties and assets is regarded as one of the valuable components of a country's disaster risk financing strategy that is vital to improve its resiliency against natural disasters;

WHEREAS, notwithstanding the above-mentioned iaws, the Commission on Audit indicated in its reports that there are still agencies whose properties, assets, facilities and other insurabie interests are currently not insured or substantially underinsured, thereby not providing them with adequate insurance protection;

WHEREAs, One (1) Billion Pesos have been allocated under the National Disaster Risk Reduction and Management Fund of the FY 2017 General Appropriations Act for the insurance coverage of government facilities against natural calamities, subject to the guidelines to be issued by the Department of Budget and Management (DBM), Department of Finance (DOF) and the Government Service Insurance System (GSiS) for the purpose; BUIEU OF INTERNAL REYEATT

RECORDS MGE DIVTSEON 11: a 8- A. M-.

SEP 2? 2017 UAa

RECEIVEH

THE PRESIDENT OF THE PHILIPPINES

reguiations to ensure that the key properties, assets and other interests of the adequate insurance coverage; Government, especially the high-risk items, are provided with comprehensive and WHEREAS, there is a need to prescribe the necessary policies, rules and

Philippines, by virtue of the powers vested in me by the Constitution and existing laws, do hereby order: NOW, THEREFORE, I, RODRIGO ROA DUTERTE, President of the

Insurance is hereby created to formulate the necessary policies, rules and Property Insurance. regulations, which shall ensure that key properties, assets and other insurable interests of the Government are insured comprehensively and adequately. Section 1. Creation of an Inter-Agency Committee on Government An Inter-Agency Committee on Government Property

The Committee shall be composed of the following:

a b C. d e DOF GSIS Office of the Executive Secretary DBM Insurance Commission, DOF - Co-Chairman - Chairman - Member - Member - Member

technical and administrative support services to the Inter-Agency Committee. The DOF, through the Bureau of the Treasury, shall provide the necessary

the necessary policies, rules and regulations on the matter, as may be necessary. agencies or instrumentalities and other stakeholders concerned in the formulation of The Inter-Agency Committee shall likewise consult other government

Committee shall have the following functions: Section 2. Functions of the Inter-Agency Committee. The Inter-Agency

a Formulate the necessary policies, rules and regulations that shall ensure that key properties, assets and other insurable interests of the Government are properly and adeguately insured;

b. Develop the appropriate monitoring and reporting mechanisms that could be adopted to ensure that all key properties, assets, facilities and other insurable interests of the Government are insured comprehensively and adequately;

C. Assess the utilization and management of the GIF presently being

administered by the GSIS;

d. Review and evaluate the existing inventory of all government

properties, assets, facilities and other insurable interests that are actively insured;

e Define and determine high-risk key government properties, assets and

other public facilities which should be insured annually; and

BUEAU OF INTERNAL REVENE RNRDS MGEDIVSICN SEP 27 2017 1:28" A M" MaA

RECFIVT

& Propose appropriate legislative measures or executive issuances, as

facilities and other insurable interests. nece arv egards"insuring key government properties, assets,

Agency Committee shall submit a terminal report to the President within one (1) year after the Committee has been convened. Section 3. Submission of Terminal Report to the President. The Inter-

terminal report to the President. The Inter-Agency Committee shall cease to exist after it has submitted its

the inter-Agency Committee. insurable interests of the Government are comprehensively and adequately insured, including inventory of key properties and assets of the government, as well as implementing the monitoring and reporting mechanisms to ensure that government agencies continue to insure their properties and follow the guidelines prescribed by activities related to ensuring that all key properties, assets, facilities and other Thereafter, the DOF shall continue to undertake, as necessary, the vital

Agency Committee and other appropriate funding sources, subject to existing budgeting, accounting and auditing laws, rules and regulations. Order shall be charged against the current appropriation of the members of the Inter- Section 4. Funding. The funds necessary for the implementation of this

continue to be in full force and effect. unconstitutional or invalid, the other parts or provisions not affected thereby shall Section 5. Separability. Should any part or provision of this Order be held

thereof inconsistent with the provisions of this Order are hereby repealed or modified accordingly Section 6. Repeat. All orders, rules or regulations, issuances, or any part

Year of our Lord, Two Thousand and Seventeen. Section 7. Effectivity. This Order shall take effect immediately. DONE, in the City of Manila, this 7th day of August , in the

By the President: BUREAJ OF INTERNAL REVENE RECORDS MGE.DIVISION

11: 28 A.M Et. SEP 27 2017 SaLVAdor C. MedIALdeA Executive Secretary RECEIVE MALACANANG RECORDS OFFICE Office of the President

CERTHEJED COPY

I.T THE PHILIPPINES G5582 &T DIRECTORII - ACTING HEAD&-- ATTy. CONCEPCTOM ZENYE:ERROLINO-ENAD

PRRD 2016 -- 003026.