What is an insurance corporation?
Category: Law on Insurance
What is an insurance corporation?
The Insurance Code defines it as one formed or organized to save any person or persons or other corporations harmless from loss, damage, or liability arising from any unknown or future or contingent event, or to indemnify or to compensate any person or persons or other corporations for any such loss, damage, or liability, or to guarantee the performance of or compliance with contractual obligations or the payment of debts of others. (Sec. 185) The last part of the statement refers to suretyship. (Sec. 175)
Related Philippine Law Resources:
Newer Philippine Law Resources:
- Mortgagor and Mortgagee Insuring The Same Property -
- Filipinas Cia de Seguros v. Christern Huenfeld & Co. - Enemy Corporation -
- Effect of war on the Existing Insurance Contracts Between the Philippines and a Citizen or Subject -
- Requisites in Order That a Person May Be Insured -
- Business of Insurance and Public Interest -
Additional Law Reading:
Popular in BATASnatin:
What is an insurance corporation?
Category: Law on Insurance
What is an insurance corporation?
The Insurance Code defines it as one formed or organized to save any person or persons or other corporations harmless from loss, damage, or liability arising from any unknown or future or contingent event, or to indemnify or to compensate any person or persons or other corporations for any such loss, damage, or liability, or to guarantee the performance of or compliance with contractual obligations or the payment of debts of others. (Sec. 185) The last part of the statement refers to suretyship. (Sec. 175)
Related Philippine Law Resources:
Newer Philippine Law Resources:
- Mortgagor and Mortgagee Insuring The Same Property -
- Filipinas Cia de Seguros v. Christern Huenfeld & Co. - Enemy Corporation -
- Effect of war on the Existing Insurance Contracts Between the Philippines and a Citizen or Subject -
- Requisites in Order That a Person May Be Insured -
- Business of Insurance and Public Interest -
Additional Law Reading:
Popular in BATASnatin:
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