REVENUE MEMORANDUM CIRCULAR NO. 82-2017 issued on September 27, 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”.

     The Inter-Agency Committee on Government shall be composed of the Department of Finance (as Chairman); Office of the Executive Secretary (as Co-Chairman); and Department of Budget and Management; Insurance Commission and Government Service and Insurance System (as Members).

     The Department of Finance (DOF), through the Bureau of the Treasury, shall provide the necessary technical and administrative support services to the said Committee.

     The Inter-Agency Committee shall likewise consult other government agencies or instrumentalities and other stakeholders concerned in the formulation of the necessary policies, rules and regulations on the matter, as may be necessary. It shall submit a terminal report to the President within one (1) year after the Committee has been convened and shall cease to exist after it has submitted its terminal report to the President.

     Thereafter, the DOF shall continue to undertake, as necessary, the vital activities related to ensuring that all key properties, assets, facilities and other 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 the Inter-Agency Committee.