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Insurance Report
Insurance Report
Insurance Report
a. Defined
c. Form Sec 69
a. Defined
b. Duty to pay Sec77
c. Effect of premium - effectivity of policy
1. General rules Sec77
2. Exceptions:
a. Life and industrial life policy
b. Written acknowledgement of the receipt of premium by insurer Sec 78
c. Payment in installments - Makati Tuscanny Condominium Corp. v. CA, 215 SCRA 462
(1992)
d. Credit extension for the payment of premium
e. Estoppel
d. Effect of non-payment
Case: Philippine Phoenix Surety as. Woodworks, Inc., G.R. L-22684, August 31,1967
LOSS Secs 85 – 89
A. Terms defined
1. Loss - Bonifacio Bros. v. Mora, 20 SCRA 261 (1969)
2. Proximate cause - Vda. De Bataclan v. Medina,102 Phil 181 (1957)
2. Loss the irnrnediate cause of which is the peril insured against except where the proximate
cause is an excepted peril Sec 86
4. Loss caused by efforts to rescue the thing from the peril insured against Sec. 85
a. Defined Sec 93
b. Requisites
Case: Pioneer Insurance & Surety Corp. v. Yap, 61 SCRA 426 (1974)