Practice question
The owner insures goods for its ownership interest. A carrier separately insures its potential liability for the same goods. The interests are genuinely distinct. Under Malayan, does the common property and risk alone establish double insurance?
- Yes, every common object proves the whole test.
- Yes, separate insured interests are irrelevant.
- Yes, liability insurance is identical to ownership interest.
- Yes, every insurer is automatically a co-insurer.
- No; the distinct insured persons and interests defeat the required identity.
Legal references
- Insurance Code as amended by RA10607, Sections26–48 and95–100: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html
- Malayan Insurance v. Philippines First Insurance, GR184300, July11 2012, main decision: https://lawphil.net/judjuris/juri2012/jul2012/gr_184300_2012.html
Answer this question in flashcards to review your response and continue practicing.