Practice question
Is absence of profit conclusive proof that an arrangement is not doing insurance business under section 2?
- Yes, always
- Yes, if advertised as charitable
- No
- Yes, if there is no separate fee
- Yes, if the operator chooses a different name
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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