Practice question
Which interest is expressly recognized by Section10(d) as a basis to insure another person’s life or health?
- A vested estate or interest that depends on that person’s life
- A hope with no vested estate or interest
- A wish to profit from any stranger’s death
- Possession of an unrelated lottery ticket
- Knowledge of the person’s name alone
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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