What is the maximum claim amount that the IC can adjudicate against insurance companies?

The maximum claim amount that the Insurance Commission (IC) can adjudicate against insurance companies is P100,000. This amount reflects the IC's role in protecting policyholders by providing a mechanism for resolving disputes and ensuring fair treatment in cases involving smaller claims.

In this context, P100,000 serves as a threshold for the IC's adjudication powers, allowing them to manage a significant volume of cases efficiently while focusing their resources on claims within that limit. Larger claims generally require a different approach, possibly involving more complex legal proceedings or the involvement of higher courts, rather than being handled directly by the IC. As such, the limit set at P100,000 is pivotal in ensuring that individuals with smaller claims have access to a resolution process without the need for extensive legal resources.