Practice question
How does section 31 determine materiality?
- Only by the eventual cause of death
- Only by the size of the claim
- Only by whether a loss actually happens
- By the probable and reasonable influence on the recipient’s risk estimate or inquiries
- Only by the applicant’s personal preference
Legal references
- https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html — Insurance Code as amended by RA 10607, sections 26–35 and 48
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