Practice question
An operator seeks to insure whether a lottery ticket will draw a prize and invokes section 3’s broad reference to contingent events. Which is correct?
- Every lottery chance is authorized by section 3
- Section 4 expressly prevents that use of section 3
- Only the ticket’s color determines validity
- All contingent-event agreements are identical insurance
- A separate label removes section 4
Legal references
- https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html — Insurance Code as amended by RA 10607, sections 2–7 and 49
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