Practice question
When must property insurable interest exist under section 19?
- Only at loss
- Only at application
- When insurance takes effect and when loss occurs, though not necessarily in between
- Only when the premium receipt is printed
- Only after litigation starts
Legal references
- https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html — Insurance Code as amended by RA 10607, sections 10 and 13–19
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