Practice question
When must insurable interest in another person’s life or health exist under section 19?
- Only after death
- At every moment forever
- Only at claim filing
- When insurance takes effect, but not necessarily thereafter or at loss
- Only after the beneficiary receives proceeds
Legal references
- https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html — Insurance Code as amended by RA 10607, sections 10 and 13–19
Answer this question in flashcards to review your response and continue practicing.