Professional Documents
Culture Documents
19.Case of Cha.
21.Personal in nature.
22.
a.
wife?
5. Case of Filipinas.
spouse.
6. Case of Tongco.
b.
Of any person on whom he depends
wholly
or
in
part
for
education/support, or in whom
he has a
pecuniary interest.
BUT:
c.
Of any person under a legal
obligation to him
for the payment of
money, or respecting
property
or services, of which death or illness
might delay or prevent the performance; &
d.
estate or
depends.
Differentiate.
Example.
11.Must II exist at the time of the perfection until
the loss happened? (Sec. 19)
insured
beneficiary A
Dean
employer
of
16.RISK DISTRIBUTING
distribute losses.)
DEVICE.
(Scheme
to
17.PAYMENT OF PREMIUM.
GR:
The contract of insurance is valid &
binding
until the premium is paid. Any
agreement to the
contrary is void.
CASH & CARRY RULE.
EXP:
1. Grace period given.
Case of Life & Industrial.
What is grace period?
What
Apply the
Art. 1144
May lengthen -- not more than 10 years.
May shorten -- not less than 1 year.
5. (2) cases
6. INSURANCE POLICY
9. Sec. 56
27.Period of validity?
10.Sec. 57
29.Cases.
31.CANCELLATION.
14.Sec. 62.
32.Examples of fraud.