Practice question
After a proper Assurance Fund payment, the government enforces the rights to which it became subrogated and recovers money. Where does Section 99 direct the recovered amount?
- To the account of the Assurance Fund.
- To the claimant's broker as a reward.
- To the responsible private party as a refund.
- To a new private investment account.
- To the surveyor as unrestricted income.
Legal references
- https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html — PD 1529, Section 99.
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