Practice question
Under Section10(b), dependence on another person for what purpose can support insurable interest in that person’s life or health?
- Education or support, wholly or partly
- Winning a lottery prediction only
- Mere curiosity about a stranger
- A wish to receive an unsolicited gift
- A dislike of the insured
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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