Practice question
Which statement best expresses Section6 on who may be an insurer?
- A corporation, partnership or association duly authorized under the Code may be an insurer
- Any entity becomes authorized merely by printing a policy
- Only a natural person may be an insurer
- A partnership can never be an insurer even if duly authorized
- A local business permit alone replaces Code authorization
Legal references
- Insurance Code as amended RA10607: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html Sections2(b),3 and5–9.
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