Practice question
Explain whether Section10 recognizes interest in the life or health of: a person who partly pays the applicant’s education expenses; a person legally obliged to perform services whose death could prevent performance; and a person upon whose life an estate already vested in the applicant depends. Identify the distinct statutory basis for each.
Legal references
- Insurance Code as amended RA10607: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html Sections10,14,16 and20–25.
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