Practice question
A bank officer tells customers that staff may arrange nominee transfers to obtain multiple insurance payments because the splitting prohibition binds only customers. Assess that advice where all statutory splitting elements and purposeful assistance are established.
Legal references
- RA 10846, deposit splitting prohibition and definition: https://lawphil.net/statutes/repacts/ra2016/ra_10846_2016.html
- Linsangan v. PDIC, G.R. No. 228807, February 11, 2019, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/23/64987
- RA 11840, Section 4 amending PDIC Charter Section 5(k): https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/95626
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