2014 Insurance Outline - Feu (1)

8/10/2019 2014 Insurance Outline - Feu (1)

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FEU INSTITUTEOFLAW

INSURANCE OUTLINE1 ATTY. ALEXANDERC. DY2NDTRIMESTER, SY 2014-2015 MONDAY, 06 OCTOBER2014

I. GENERAL CONCEPTS

A. INSURANCE

1. De!"!#!$" Se%. 2&1', I.C.2

2. E(e)e"#* Philamcare Health Systems, Inc. v. Court of Appeals, 379 SCRA

356 (2002); Philippine Health Care Providers, Inc. v. Commissioner of

Internal Revenue, 600 SCRA 413 (2009)

a. The insured has an insurabe in!eres! xSecs. 12-14, I.C.;b. The insured is sub"e#! !$ a ris% $& $ss b' !he haenin $& !he desina!ed

eri Se%. +, . 1, "/ Se%. 4, I.C.

#. The insurer assu*es !he ris% xSec. 2, I.C.;

d. Su#h assu*!i$n $& ris% is ar! $& a enera s#he*e !$ dis!ribu!e a#!ua $ssesa*$n a are r$u $& ers$ns bearin a si*iar ris%; and

e. +n #$nsidera!i$n $& !he insurers r$*ise, !he insured a's a re*iu* xSec.77,* I.C.

+. C%#e!*#!%*

a. Aea!$r' A#. 2010, C!!( C$/e3; Se%. 25, I.C.

b. +nde*ni!' Se%. 1, I.C.

#. -ers$na

d. nia!era

e. C$ndi!i$na

&. Uberrimae FidaexTang v. Court o !""ea#s, $% SC&! 2'( )1$7$

4. Pee%#!$"3Re!*!#e* A#*. 1+1-1+17, C!!( C$/e; Se%*. "/ 2+2, I.C.8Enriquez v. Sun ife Assurance Co. of Canada, 41 -hi. 269 (1920); Eternal

!ardens "emorial Par# Corporation v. Philippine American ife Insurance1$he %utline presents the manner &y 'hich Insurance 'ill &e ta#en up in class. $he cases

preceded &y (s and the codal provisions in &old typeface shall &e e)tensively discussed. $he

items preceded &y )*s and those footnoted in the %utline represent cases or topics 'hich need noe)tended discussions, either &ecause the essence of the rulin+s are already summarized in the%utline or they contain similar rulin+s or doctrines as other cases to &e discussed.

2-residen!ia /e#ree $. 612, as a*ended b' Reubi# A#! $. 10607 (a*end*en!s indi#a!ed b' anas!eris% ), a*$n $!hers, $!herise %n$n as !he +nsuran#e C$de $& !he -hiiines (+.C.).

3The e Cii C$de $& !he -hiiines.


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Corporation, 551 SCRA 1 (2008);x+ere v. Court o !""ea#s, '2' SC&! (1')2%%%

5. )9!"/* $ I"*"%e

B. INSURANCEDISTINGUIS:EDFROMOT:ERCONTRACTS

1. Se#;*! A#.204, C!!( C$/e; Se%. 2&', . 2, I.C.

2. Pe-Nee/ P("* Se%. +.7, SRC4

+. " I"*"%e B*!"e** Se%. 2&', I.C.; Phil. American ife

Insurance Company v. Ansaldo, 234 SCRA 509 (1994)

2. M#( I"*"%e C$)"!e* hite !old "arine Services, Inc. v. PioneerInsurance Surety Corporation, 464 SCRA 448 (2005)

D. LAWSGO


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4. )Se%!( L@* &G$e")e"# I"*"%e'

a. Reised @$ern*en! Seri#e +nsuran#e A#! $& 1977(

b. S$#ia Se#uri!' A#! $& 19547

#. -r$er!' +nsuran#e :a8

d. R.A. $. 4898,9as a*ended b' . $. 25010

e. -/+C Char!er11

E. INTERPRETATIONOFINSURANCECONTRACTS

1. C(e P$!*!$" G!e" O/!"; Me"!"> nion "anufacturin+ Co., Inc.

v. Phil. !uaranty Co., 47 SCRA 271 (1972); $y v. /irst 0ational Surety 1

Assurance Co., Inc., 1 SCRA 1324 (1961);12 Panaton v. "alayan Insurance

Co., Inc., 2 C$ur! $& Aeas Re$r! 78

2. A)=!>$* P$!*!$" I"#ee#e/ A>!"*# I"*e 2el Rosario v.Equita&le Ins. And Casualty Co., Inc., 8 SCRA 343 (1963); 3ua Chee !an v.

a' nion and Roc# Insurance Co., td., 98 -hi. 85 (1955)

+. S#!(#!$"* C""$# Be Se>e>#e/ !ulf Resorts Inc. v. Philippine

Charter Insurance Corporation, 458 SCRA 550 (2005)

4. /!%!( C$"*#%#!$" C""$# A(#e Te)* "isamis um&er Corp. v.

Capital Ins. 1 Surety Co., Inc., 17 SCRA 228 (1966); /ortune Insurance and

Surety Co., Inc. v. Court of Appeals, 244 SCRA 308 (1995)

6-residen!ia /e#ree $. 1146, as a*ended.7Reubi# A#! $. 1161, as a*ended.8Reubi# A#! $. 656, as a*ended b' -residen!ia /e#ree $. 245.9Reubi# A#! $. 4898, as a*ended b' Reubi# A#! $. 5756.10rder $. 250.11Reubi# A#! $. 3591, as a*ended.12See a#so T v. Fi#i"inas Com"ania de Seguros, et a#.,17 SCRA 364 (1966).

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II. PARTIES

A. INSURED

1. De!"!#!$"

2. C%!#; A#. 1+70, C!!( C$/e8 Se%. +, . 2, I.C.13

+. D!*(!!%#!$" Se%. , I.C.; /ilipinas Compania de Se+uros v. Christern

Henefeld 1 Co., 89 -hi. 454 (1951);xConstantino v. !sia 0ie Insurance Co., 87-hi. 248 (1950)

4. T*#ee $ A>e"# Se%. 54, I.C.

5. P#"e Se%. 55, I.C.

B. INSURER

1. De!"!#!$" Se%. 170, I.C.

a. +nsuran#e C$r$ra!i$ns xSec. 1$1, I.C.

b. u!ua +nsuran#e C$*anies xSec. 2(/, I.C.

#. -r$&essi$na Reinsurers xSec. 2//, I.C.

d. $! u!ua Bene&i! Ass$#ia!i$ns xSec. 4%', I.C.

2. C%!#; Se%. 6, I.C.;xSecs. 1$2-1$$, I.C.

4. P$!=!#e/ A%#*xSecs. '7%-'71, I.C.

C. BENEFICIARY

1. De!"!#!$"

2. T$ W$) I"*"%e P$%ee/* P;=(e Se%*. 5+ "/ 56, I.C.

a. !eneral Rule4 5onifacio 5ros., Inc. v. "ora, 20 SCRA 261 (1967); 2el

-al v. 2el -al, 29 -hi. 534 (1915)

b. E)ceptions4

i. S!iua!i$n +our !utrui A#. 1+11, C!!( C$/e; Coquia v. /ieldmen(s

Insurance Co., Inc., 26 SCRA 178 (1968)

ii. +nde*ni!' aains! iabii!' !$ !hird ers$ns !uin+on v. 2el "onte, 20SCRA 1043 (1967)

iii. Assinee Rizal Commercial 5an#in+ Corporation v. Court of

Appeals, 289 SCRA 292 (1998)

+. De*!>"#!$"3Re$%#!$"3F$e!#e $ Be"e!%!; $ L!e I"*"%e

13The r$isi$ns $n #aa#i!' in Se#. 3, ars. 3 (*in$rs) and 4 ($*en), +.C. hae been dee!ed b'R.A. $. 10607.

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a. $ desina!i$n In Re4 "ario -. Chanlion+co, 79 SCRA 364 (1977); -da.

de Consue+ra v. !overnments Service Insurance System, 37 SCRA 315(1971)

b. +naid desina!i$n A#. 2012 !" e(#!$" #$ A#. +7, C!!( C$/e; Social

Security System v. 2avac, et al., 17 SCRA 863 (1966); $he Insular ife

Assurance Company, td. v. E&rado, 80 SCRA 181 (1977); Southern

uzon Employees( Ass. v. !olpeo, et al., 96 -hi. 83 (1954)

#. Re$#abe desina!i$n Se%. 11, I.C.

d. +rre$#abe desina!i$n 0ario v. Philippine American ife Ins. Co., 20

SCRA 434 (1967); Philippine American ife Insurance Company v.

Pineda, 175 SCRA 416 (1989)

e. "#!$" $ Be"e!%!; $ P$e#; I"*"%e Se%. 1, I.C.

D. INSURANCEAGENTANDINSURANCEBRO9ER

1. I"*"%e A>e"# Se%. +07, . 1, I.C. x!is"orna v. Court o !""ea#s, 11'SC&! 4$ )1$/2

2. I"*"%e B$e Se%. +10, I.C. x+i#i""ine 3ea#t-Care +roviders, Inc. v.

strada, 42 SC&! (1( )2%%/

+. A#$!#; #$ Re%e!e P;)e"#3Ee%# $ P;)e"# ? Se%. +15, I.C.; "alayan

Insurance Co., Inc. v. Arnaldo, 154 SCRA 672 (1987); South Sea Surety and

Insurance Co., Inc. v. Court of Appeals, 244 SCRA 744 (1995)

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III.INSURABLE INTEREST

A. CONCEPT

1. De!"!#!$"

2. Ne%e**!#; $ I"*=(e I"#ee*#8 C$"*ee"%e $ L% $ ? Se%*. 1 "/ 25,I.C.

B. INLIFEAND:EALT:INSURANCE

1. W$ :* I"*=(e I"#ee*# Se%. 10, I.C.

a. B$$d rea!i$nshi Se%. 10&', I.C.8 Se%. +, . 2, I.C.8 Philamcare

Health Care Systems, Inc. v. Court of Appeals, 379 SCRA 356 (2002);

!ercio v. Sun ife Assurance Co. of Canada, 48 -hi. 53 (1925)

b.


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d. $r!a$r$r!aee Se%*. , 7 "/ 5+, I.C.; A#. 212, C!!( C$/e;Saura Import 1 E)port Co., Inc. v. Philippine International Surety Co.,

Inc., 8 SCRA 143 (1963); !reat Pacific ife Assurance Corp. v. Court of

Appeals, 316 SCRA 677 (1999); San "i+uel 5re'ery v. a' nion and

Roc# Insurance Co.,40 -hi. 674 (1920); Palileo v. Cosio, 97 -hi. 919

(1955).

e. Carrier $r /e$si!ar' Se%. 15, I.C.; opez v. 2el Rosario and 3uio+ue,

44 -hi. 98 (1922)

2. Me*e $ I"*=(e I"#ee*# Se%*. 1 "/ 15, I.C.; San "i+uel 5re'ery

v. a' nion and Roc# Insurance Co., 40 -hi. 674 (1920); %n+ in+ Sin+ v.

/E5 easin+ 1 /inance Corporation, 425 SCRA 333 (2007)

+. Ee%# $ L% $ I"*=(e I"#ee*# Se%. 1, I.C.; Sharuff 1 Co. v. 5aloise

/ire Insurance Co., 64 -hi. 258 (1937); !arcia v. Hon+#on+ /ire 1 "arine

Insurance Co., 45 -hi. 122 (1923); Cha v. Court of Appeals, 277 SCRA 690

(1997)4. We" I"*=(e I"#ee*# M*# E!*# Se%. 17, I.C.; $ai $on+ Chuache 1 Co.

v. Insurance Commission, 158 SCRA 366 (1988)

5. Ee%# $ C">e $ I"#ee*# !" T!"> I"*e/

a. @enera rue Se%. 20, I.C.; 5achrach v. 5ritish American Assurance

Co., 17 -hi. 555 (1910)

b.


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I Ee%# Se%*.

, "/ +15, I.C.; xSout Sea Suret and Insurance Co., Inc. v. Court o!""ea#s, 244 SC&! 744 )1$$ x!reo#a v. Court o !""ea#s, 2'( SC&! (4')1$$4.

2. Ee%# $ N$"-P;)e"# Se%. 64&', I.C.; 0ational eather Co. Inc. v. .S.

ife Insurance Co., 87 -hi. 410 (1950); Sales de !onza+a v. Cro'n ife

Insurance Co.,91 -hi. 10 (1952); -alenzuela v. Court of Appeals, 191 SCRA

1 (1990)

+. S###$; E%e#!$"*

a. @ra#e eri$d Se%. , I.C.

i. ?$r indiidua i&e $r end$*en! insuran#e Se%. 2++&', I.C.

ii. ?$r r$u i&e insuran#e Se%. 2+4&', I.C.

iii. ?$r indus!ria i&e insuran#e Se%. 2+6&', I.C.

b. Credi! e=!ensi$n Se%. , I.C.

#. A#%n$ed*en! re#ei! Se%. 7, I.C.; American Home Assurance

Company v. Chua, 309 SCRA 250 (1999)

d. A##e!an#e b' $biee $& sure!' b$nd Se%. 17, I.C.8 Philippine Pryce

Assurance Corp. v. Court of Appeals, 230 SCRA 164 (1994)

e. C$er n$!es Se%. 52, I.C.8 Pacific $im&er v. Court of Appeals, 112 SCRA199(1982)

&. $nase $& indiidua i&e $r end$*en! insuran#e

i. Au!$*a!i# $i#' $an Se%. 2++&>', I.C.

ii. Ai#a!i$n $& diidend Se%. 2++&e', I.C.

iii. Reins!a!e*en! #ause Se%. 2++&', I.C.; x0a#ican v. Insu#ar 0ie!ssurance Com"an 0imited, $7 SC&! 1$ )2%%$

4. !*/e"#!( E%e#!$"*

a.


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B. RETURNOFPREMIUM

1. We" I"*e/ E"#!#(e/

a. Thin insured n$! e=$sed !$ eri insured aains! Se%. 0&', I.C.

b. Ti*e $i#' surrendered be&$re e=ira!i$n Se%. 0&=', I.C.#. $idabe and annued $i#' Se%. 2, . 1, I.C.

d. Fhen b' de&au! $& insured ($!her !han a#!ua &raud), insurer neer in#urrediabii!' under !he $i#' Se%. 2, . 1, I.C.8 !reat Pacific ife

Insurance Corporation v. Court of Appeals, 184 SCRA 501 (1990)

e. >erinsuran#e b' seera insurers ($!her !han i&e) Se%. +, I.C.

2. We" I"*e/ N$# E"#!#(e/

a. Thin insured e=$sed !$ eri insured aains! Se%. 1, I.C.; "a#ati

$uscany v. Court of Appeals, 215 SCRA 462 (1992)

b. +n i&e insuran#e, i& i!h$u! su&&i#ien! #ause Se%. 0&=', I.C.

#. -$i#' annued, res#inded $r #ai* denied b' reas$n $& &raud Se%. 2, .2, I.C.

C. OT:ERPRO( Pe)!)* ? Se%. 4, I.C.

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C. 9INDSOFINSURANCEPOLICYSe%. 57, I.C.

1. Oe" P$(!%; Se%*. 60, 16+, "/ 1+, I.C.; 2evelopment Insurance

Corporation v. Intermediate Appellate Court, 143 SCRA 62 (1986)

2. P$(!%; Se%. 62, I.C.

D. CANCELLATION, RENEWAL, REFORMATION

1. G$"/* $ C"%e((#!$"

a. B' +nsurerD @r$unds Se%. 64, I.C.; Philamcare Health Systems, Inc. v.

Court of Appeals, 379 SCRA 356 (2002)

i. n$na'*en! $& re*iu*s

ii. #$ni#!i$n $& #ri*e in#reasin haGard insured aains!

iii. dis#$er' $& &raud $r *a!eria *isreresen!a!i$n

i. dis#$er' $& a#!s $r $*issi$ns in#reasin haGard insured aains!

. h'si#a #hanes in r$er!' insured *a%in i! uninsurabe

i. dis#$er' $& $!her insuran#e #$erae !ha! *a%es !$!a insuran#e ine=#ess $& aue $& r$er!' insured

ii. +nsuran#e C$**issi$ner de!er*ines $i#' $r insured *a' i$a!e +.C.

b. B' insuredD surrender $& $i#' Se%. 0&=', I.C.

#. B' ei!her ar!' Paulino v. Capital Insurance, 105 -hi. 1315 (1959)

2. N$#!%e Re!e)e"#* $ C"%e((#!$"

a. +n @enera Se%. 65, I.C.8 Saura Import 1 E)port Co., Inc. v. Philippine

International Surety Co., Inc., 8 SCRA 143 (1963); "alayan Insurance

Co., Inc. v. Arnaldo, 154 SCRA 672 (1987)

b. ?$r #$*us$r' *$!$r ehi#e iabii!' insuran#e Se%*. +7+ "/ +74, I.C.

2. Re"e@( Se%. 66, I.C.

+. Re$)#!$" San "i+uel 5re'ery v. a' nion and Roc# Insurance Co. ,

40 -hi. 674 (1920)

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!her ar!' has n$ *eans $& as#er!ainin su#h &a#!s; and

d. He *a%es n$ arran!' as !$ su#h &a#!s Se%. 27, I.C.

+. W# Nee/ N$# Be C$))"!%#e/, E%e# !" A"*@e #$ I"!!e*

a. ?a#!s $!her ar!' %n$s Se%. +0&', I.C.; Insular ife Assurance v.

/eliciano, 73 -hi. 201 (1941); Insular ife Assurance Co. v. /eliciano, 74

-hi. 468 (1943)

b. ?a#!s $!her ar!' $uh! !$ %n$ Se%*. +0&=' "/ +2, I.C.

#. ?a#!s $& hi#h $!her ar!' aies #$**uni#a!i$n Se%*. +0&%' "/ ++, I.C.;

0+ !an 7ee v. Asian Crusader ife Assurance Corp. , 122 SCRA 461

(1983); Saturnino v. Philippine American ife Ins. Co., 7 SCRA 316(1963)

d. ?a#!s hi#h r$e $r !end !$ r$e e=is!en#e $& ris% e=#uded b' a arran!',and hi#h are n$! $!herise *a!eria Se%. +0&/', I.C.

e. ?a#!s rea!in !$ a ris% e=#e!ed &r$* !he $i#' and hi#h are n$! $!herise*a!eria Se%. +0&e', I.C.

&. a!ure and a*$un! $& in!eres! Se%*. +4 "/ 51&e', I.C.

. >ini$n $r "ud*en! Se%*. +5 "/ 110, I.C.

4. Ee%# $ C$"%e()e"# Se%. 2 "/ 27, I.C.; 8u Pan+ Chen+ v. Court of

Appeals, 105 -hi. 930 (1959); Sunlife Assurance Company of Canada v.Court of Appeals, 245 SCRA 268 (1995); !en. Insurance 1 Surety Corp. v.

0+ Hua, 106 -hi. 1117 (1960)

5. A(!%#!$" ? Se%. 4, I.C.

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B. REPRESENTATION

1. De!"!#!$" "/ C%#e!*#!%*

a. ?$r* Se%. +6, I.C.

b. Fhen ade Se%. +, I.C.i. A! !i*e $& issuan#e $& $i#'; $r

ii. Be&$re issuan#e $& $i#' Se%*. 40 "/ 41, I.C.

#. +n!erre!a!i$n Se%*. +, +7, 40 "/ 42, I.C.

2. F(*!#; Se%*. 4+ "/ 44, I.C.; Hardin+ v. Commercial nion Assurance

Company, 38 -hi. 464 (1918)

+. M#e!(!#; Se%. 46 "/ Se%. +1, I.C.

4. Ee%# $ F(*e "/ M#e!( Ree*e"##!$" ? Se%. 45, I.C.; Saturnino v.

Philippine American ife Ins. Co., 7 SCRA 316 (1963) "us9+i v. est Coast

ife Insurance Co., 61 -hi. 864 (1935); !onzalez a% v. 8e# $on+ in /ire 1

"arine Insurance Co., td., 55 -hi. 386 (1930); 3ua Chee!an v. a' nion

and Roc# Insurance Co., td., 98 -hi. 85 (1955); Edillon v. "anila 5an#ers

ife Insurance Corp., 117 SCRA 187 (1982)

5. A(!%#!$" ? Se%. 4, I.C.

C. WARRANTIES

1. De!"!#!$" "/ C%#e!*#!%*

a. Iindsi.


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D. OT:ERDEn') Se%. 4, . 2, "/ Se%*.

2++&=', 2+4&=', "/ 2+6&=', I.C.

a. ReJuisi!es $& in#$n!es!abii!' $an v. Court of Appeals, 174 SCRA 403

(1989); Philamcare Health Systems, Inc. v. Court of Appeals, 379 SCRA

356 (2002)

b.


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B. NOTICEANDPROOF

1. Re!*!#e* $ Re%$e; A#e L$**

a. @ie n$!i#e $& $ss i!h$u! unne#essar' dea' Se%. 70, I.C.

b. Fhen reJuired b' $i#', sub*i! a rei*inar' r$$& $& $ss Se%. 71, I.C.2. N$#!%e $ L$**

a. +n &ire insuran#e Se%. 70, I.C.

b. ?$r $!her n$ni&e insuran#e Se%. 70, I.C.

#. ?$r #$*us$r' *$!$r ehi#e iabii!' insuran#e Se%. +7, I.C.

+. P$$ $ L$**

a. -ur$se Pacific 5an#in+ Corp. v. Court of Appeals, 168 SCRA 1 (1988)

b. -r$$& ReJuired Se%. 71, I.C..

#. Cer!i&i#a!i$n $& Third -ers$n Se%. 74, I.C.; "alayan Insurance Co., Inc. v.Arnaldo, 154 SCRA 672 (1987)

4. Dee%#* Se%. 72, I.C.; 5achrach v. 5ritish American Assurance Co., 17

-hi. 555 (1910)

5. De(; Se%. 7+, I.C.8 Pacific $im&er v. Court of Appeals, 112 SCRA 199

(1982); Philippine Charter Insurance Corporation v. Chemoil i+htera+e

Corporation, 462 SCRA 77 (2005)

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ee/ U$", $ We" A>ee)e"# * #$ Pe!$/ #* $ I"*e3I"*e/ ? A&oitiz Shippin+ Corporation v. Insurance

Company of 0orth America, 561 SCRA 262 (2008)

a. +nsurers rih!s i*i!ed !$ insureds rih!s.

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b. +nsured en!i!ed !$ re#$er de&i#ien#' &r$* ers$n #ausin $ss $r in"ur' $n' i&a*$un! aid b' insurer d$es n$! &u' #$er in"ur' $r $ss.

5. We" I"*e N$# S=$>#e/

a. in i&e insuran#e (hi#h is n$! a #$n!ra#! $& inde*ni!')

b. i& r$=i*a!e #ause $& da*ae as neien#e $& insured hi*se&

#. i& insurer a's !$ insured $ss n$! #$ered b' $i#'

d. i& insured &ais !$ #$*' i!h ea $r s!iua!ed #$ndi!i$n re#eden! ri$r !$&iin $& a#!i$n aains! r$nd$er, $r $!herise reeases !hird ers$n iabe !$insuredD

i. i& reease is ri$r !$ a'*en! b' insurer !$ insured, insured #ann$! #$e#!&r$* insurer

ii. i& reease is a&!er a'*en! b' insurer !$ insured, insurer *a' re#$er &r$*insured

IX. DOUBLE INSURANCE AND REINSURANCE

A. DOUBLEINSURANCE

1. De!"!#!$" Se%. 75, I.C.

2. Re!*!#e* Se%. 75, I.C.

a. Sa*e ers$n is insured

b. T$ $r *$re insurers !ha! insured !he ers$n seara!e'

#. +nsuran#e is $er !he sa*e sub"e#!

d. Sa*e in!eres! is in$ed !ea+onia v. Court of Appeals, 241 SCRA 152

(1995)

e. Sa*e eri is insured aains!

+. HO#e I"*"%e C(*e Pacific 5an#in+ Corp. v. Court of Appeals, 168

SCRA 1 (1988); Pioneer Insurance and Surety Corporation v. 8ap , 61 SCRA

426 (1974); 0e' ife Enterprises v. Court of Appeals, 207 SCRA 669 (1992)

4. Oe-I"*"%e B; D$=(e I"*"%e Se%. 76, I.C.

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B. REINSURANCE

1. De!"!#!$" Se%. 7, I.C.

a. Re!r$#essi$n

b. Reinsuran#e -$i#' s. Reinsuran#e Trea!' Phil. American ife Ins. Co.v. Auditor !eneral, 22 SCRA 135 (1968); /ieldmen(s Insurance Co., Inc.

v. Asian Surety 1 Insruance Co., Inc., 34 SCRA 36 (1970)

#. Au!$*a!i# s. ?a#u!a!ie Reinsuran#e Trea!' ? Equita&le Insurance and

Casualty Co., Inc. v. Rural Insurance and Surety Co., Inc., 4 SCRA 343(1962)

2. D!*#!">!*e/ $) D$=(e I"*"%e

+. We" Re!e/ ? Se%*. 221 "/ 2+, I.C.

4. M##e* #$ =e C$))"!%#e/ =; Re!"*e/ Se%. 7, I.C.

5. Re!"*eJ* E#e"# $ L!=!(!#; Se%. 77, I.C.

6. O!>!"( I"*e/ N$ I"#ee*# !" Re!"*"%e Se%. 100, I.C.; Arte)

2evelopment Co., Inc. v. ellin+ton Insurance Co., Inc., 51 SCRA 352(1973); Coquia v. /ieldmen(s Insurance Co., Inc., 26 SCRA 178 (1968);

!uin+on v. 2el "onte, 20 SCRA 1043 (1967); !i&son v. Revilla, 92 SCRA

219 (1979)

X. MARINE INSURANCE

A. DEFINITIONANDCO!"*# L$** O D)>e Se%. 101&1', I.C.; !o $iaoco y

Hermanos v. nion Ins. Society of Canton, 40 -hi. 40 (1919); /ilipino

"erchants Insurance Co., Inc. v. Court of Appeals, 179 SCRA 638 (1989)

2. )9!"/* $ M!"e I"*"%e

a. >#ean arine +nsuran#e

b. +nand arine +nsuran#e

#. Air#ra&! Hu -$i#'

+. M!"e P$#e%#!$" "/ I"/e)"!#; I"*"%e Se%. 101&2', I.C.; hite !old

"arine Services, Inc. v. Pioneer Insurance Surety Corporation ,464 SCRA448 (2005)

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B. INSURABLEINTEREST

1. O@"e $ S! Se%. 102, I.C.D Has insurabe in!eres! in shi

a. I"*e/ Se%. 10, I.C.

4. C#ee $ S! Se%. 10, I.C.

C. ASCERTAININGANDCONTROLLINGRIS9S

1. C$"%e()e"#

a. Fha! *us! be #$**uni#a!ed

i. Se%. 107, I.C.D A in&$r*a!i$n *a!eria !$ !he ris%

ii. Se%. 110, I.C.D +n&$r*a!i$n $r beie& $r e=e#!a!i$n $& !hird ar!' in rea!i$n!$ *a!eria &a#! dee*ed *a!eria

iii. Se%. 111, I.C.D In$ede $& ri$r $ss resu*ed i& in&$r*a!i$n *ih! haerea#hed insured in usua *$de and ra!e $& !rans*issi$n

b. C$n#ea*en! as !$ &$$in Se%. 112, I.C.D /$es n$! i!ia!e en!ire #$n!ra#!,bu! e=$nera!es insurer &r$* $ss resu!in &r$* ris% #$n#eaed

i. a!i$na #hara#!er $& insured

ii. :iabii!' $& !hins insured !$ #a!ure and de!en!i$n

iii. :iabii!' !$ seiGure &r$* brea#h $& &$rein as $& !rade

i. Fan! $& ne#essar' d$#u*en!s

. se $& &ase and si*ua!ed aers

2. Ree*e"##!$"

a. Se%. 11+, I.C.D +nsurer en!i!ed !$ res#ind #$n!ra#! i& reresen!a!i$n is+n!en!i$na' &ase in an' *a!eria rese#! (C$*are i!h Se#. 45, herein!en! n$! essen!ia)

b. Se%. 114, I.C.D ?asi!' $& reresen!a!i$n as !$ e=e#!a!i$n, in absen#e $& &raud,d$es n$! a$id #$n!ra#!

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+. I)(!e/ W"#!e*

a. Sea$r!hiness $& shi Se%. 115, I.C.

i. /e&ini!i$n and


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+. C$"*#%#!e T$#( L$**

a. /e&ini!i$n Se%*. 1++ "/ 141, I.C.; %riental Assurance Corporation v.

Court of Appeals, 200 SCRA 459 (1991)

b. Rih! !$ aband$n $& insured Se%*.1++ "/ 141, I.C.

i. /e&ini!i$n Se%. 140, I.C.

ii. ReJuisi!es $& aband$n*en! Se%*. 142 #$ 144, I.C.

iii. $!i#e $& aband$n*en! Se%*. 145 #$ 14, I.C.;

i. A##e!an#e $& aband$n*en! Se%*. 152 "/ 15+

. Re&usa !$ a##e! r$er aband$n*en! Se%*. 151 "/ 156, I.C.

i.


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XI. FIRE INSURANCE

A. DEFINITIONANDCOe !" U*e $ C$"/!#!$" $ T!"> I"*e/ Se%. 10, I.C.

a. There *us! be a i$a!i$n $& !he r$isi$ns $& !he $i#' Se%. 12, I.C.;5achrach v. 5ritish American Assurance Co., 17 -hi. 555 (1910)

b. The a!era!i$n as *ade i!h$u! !he #$nsen! $& !he insurer.

#. The a!era!i$n as *ade b' *eans i!hin !he #$n!r$ $& !he insured.

d. The a!era!i$n in#reased !he ris% $& $ss Se%. 11, I.C.

2. A%#* $ I"*e/ Se%. 12, I.C.; See P.D. N$. 161

C. MEASUREOFINDEMNITY

1. Oe" P$(!%; Se%. 1+, I.C.8 !alian v. State Assurance Co., 29 -hi. 413

(1915)

2.


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XII. CASUALTY AND COMPULSORY MOTOR!hers $u!i$n iabii!' insuran#e, har*a#is! iabii!' insuran#e, *edi#a*ara#!i#e insuran#e, arae insuran#e, dire#!$rs and $&&i#ers iabii!'insuran#e, e!#.

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B. COMPULSORYMOTORe $ O@"e*! $ M$#$


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XIII.SURETYS:IP

A. DEFINITIONANDCO


27/27

+. L!=!(!#; $ I"*e $ S!%!/e "/ A%%!/e"#( De#

a. Sui#ide Se%. 1+, I.C.8 See Se%. 7, I.C.

b. Fhere assau! $r *urder e=#uded Calanoc v. Court of Appeals, 98 -hi.

79 (1955); /inman !eneral Assurance Corp. v. Court of Appeals, 213

SCRA 493 (1992); =anapi v. Insular ife Assurance Co., td., 94 -hi. 397(1954); 5ia+tan v. $he Insular ife Assurance Company, td., 44 SCRA

58 (1972)

B. TRANSFEROFPOLICY

1. B; T"*e, W!(( $ S%%e**!$" Se%. 14, I.C.

2. N$#!%e #$ I"*e Se%. 15, I.C.

C. MEASUREOFINDEMNITY Se%. 16, I.C.; Commissioner of Internal Revenue

v. incoln Philippine ife Insurance Company, Inc., 379 SCRA 423 (2002)

X

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