Double Insurance and Overinsurance

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1. For an applicable valued policy under Section 96(b), against what figure is another-policy receipt deducted?
2. Aggregate nonlife insurance is P2 million against P1 million insurable value. The case falls within Section 83, and the…
3. An applicable valued policy states P900,000. The insured has received P300,000 under another policy for the same overin…
4. The insured in an applicable nonlife double-insurance overinsurance case has already collected under one policy. It inv…
5. A policy validly provides a particular payment arrangement. The insured invokes Section 96(a) as an unqualified right t…
6. Distinguish Section 83’s premium-return rule from Section 96’s indemnity payment and deduction rules.
7. Explain the valued-policy prior-receipt deduction under Section 96(b).
8. Why does a right to select the order of insurers not authorize ignoring prior receipts or contrary policy terms?