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    INSURANCE - Premiums

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    Krystal Grace D. Padura

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    INSURANCE - Premiums

    Uploaded by

    Krystal Grace D. Padura
    26 views15 pages

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    INSURANCE - premiums

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    26 views15 pages

    INSURANCE - Premiums

    Uploaded by

    Krystal Grace D. Padura

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    of 15
    armen esti emer se yegncn cnn tn C8 171 My ee a se anaes deta sin ao ay ane eh ee Sena memati ea ee eae seem Aig ate i rr te tier NOTES. This the same a Section 70 ofthe Insurance Act ang econ 7 fhe nsrance Code of 978, TMMATERIAL PROVISION CONVERTED TO MATERIAL ne Oninariy 2 valaon of insmaterial provision shall not ave SEES iowever thi sean allows the partis to stipulate hata Be eae any provision of he policy, material of immaterial shal olen aby homvering an unaterial provision ina policy ino ‘patel prwsion™ SEC. 76.A breach of warranty without fraud merely exonerates ‘an insures from thet that oecurs oF whee itis broken in is ‘ception prevents the pliy from attaching the risk, [NOTES. This i the sme s Section 71 of the Insurance Act and section 76 fhe insurance Code of 1978. [BREACH OF WARRANTY WITHOUT FRAUD. The efecto breach of warranty without aud depends onthe time such beach ‘commited If exis or comand at the efectvity ofthe pois It prevent he poli from sachin othe risk, that the insure ‘at liable fom the begsmning. On the other hand, where the bre ‘ecu after the effecovity of the policy, the insure s exempted Hom ability for lms incured ater such reach, Accordingly where a8 ‘sustained Belore the breach of warranty, the inser i sil babe ‘nuh Sian. th adeno Co. La, 1, May 1 itd 6 ar aa 7) cyan TH CONTRACT OF NSURANCE rmre PREMIUM SEC. 77. An insurer is entitled to payment ofthe premium 38 oon s the thing Insured 6 exposed to the pei nvared gains Wihatanding any agreement to the contrary, no. policy OF Naim of insurance ised by an ineurance company 19 valid

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