The Philippine Health Insurance Corporation (PhilHealth) has formally entered into an agreement with the Insurance Commission (IC) for the conduct of “PhilHealth examination,” a six-month comprehensive assessment of its key insurance processes.
Under the agreement, the IC shall assess and provide examination report on the financial condition as well as on the methods of transacting businesses which include premium contribution, collection, fund management, benefit payouts, and other health packages, insurance benefits, payment of benefits process, internal control system and actuarial valuation.
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