Requisites in Order That a Person May Be Insured
Category: Law on Insurance
What are the requisites in order that a person may be insured in a contact of insurance?
There are 3 requisites namely:
a) He must be competent to enter into a contract.
b) He must possess an insurable interest in the subject of insurance.
c) He must NOT be a public enemy.
Newer Philippine Law Resources:
- Saura Import Export Co. v. Philippine International Surety - Cancellation of Policy -
- San Miguel Brewery v. Law Union Rock Insurance Company - Insurance Proceeds -
- 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 -