Practice question
After issuing a policy, an insurer adds a restrictive rider that the insured neither requested nor countersigned. It claims that mailing the rider alone supplies the insured's agreement under Section 50. No other legally sufficient assent is established. Which is correct?
- The statutory countersignature requirement applies to an unsolicited rider issued after the original policy
- Every mailed rider automatically binds without the stated safeguard
- The insurer can amend all contracts unilaterally by silence
- Only the rider's paper color matters
- The insured must buy shares to object
Legal references
- Insurance Code as amended by RA 10607, Section 50: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html
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