Legal Mandate
. The Philippine Crop insurance Corporation (PCIC) implements and manages the government program on agricultural insurance. Its operation has been decentralized up to the regional level, bringing services closer to its farmer-clienteles.Created under Presidential Decree (PD) 1467 in 1978 and amended under PD 1733 (1980)and Republic Act 8175 (1995), the PCIC operates as a business corporation and does not receive budget from the government for its administrative operations. Prior to 2009, PCIC isthe sole public-sector crop insurance company.
10
With regards to livestock, PCIC has tied-up with a pool of private insurers
—
the Philippine Livestock Management Services Corporation(PLMSC). The PLMSC has 14 participating insurers including the Government Service Insurance System.