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Insular Life Assurance Co. vs. NLRC

INSULAR LIFE ASSURANCE CO., LTD., petitioner, vs. NATIONAL LABOR RELATIONS COMMISSION and MELECIO BASIAO, respondents.

G.R. No. 84484 | 1989-11-15

D E C I S I O N


NARVASA, J.:

On July 2, 1968, Insular Life Assurance Co., Ltd. (hereinafter simply called the Company) and Melecio T. Basiao entered into a contract 1 by which:

1. Basiao was "authorized to solicit within the Philippines applications for insurance policies and annuities in accordance with the existing rules and regulations" of the Company;

2. he would receive "compensation, in the form of commissions . . . as provided in the Schedule of Commissions" of the contract to "constitute a part of the consideration of . . . (said) agreement;" and

3. the "rules in . . . (the Company's) Rate Book and its Agent's Manual, as...