Pre-Need Code of the Philippines, Republic Act No. 9829

Pre-need companies are under the exclusive supervision and regulation of the Insurance Commission. Foreign corporations are allowed to engage in pre-need business in the Philippines subject to applicable laws, rules and regulations. 

The Act provides for the required paid-up capital, licensing process, qualifications and disqualifications of directors and officers of pre-need companies, as well as the registration of pre-need companies and plans. It also provides for the rules on licensing of sales counselors and general agents.