Practice question
An insurer argues that an electronic policy is automatically forbidden because Section 50 first describes printed policies. Which is best?
- Every policy must be handwritten
- Only oral policies are recognized
- Electronic form automatically waives all legal requirements
- The insurer may ignore the policy terms
- Section 50 permits electronic policies subject to the Electronic Commerce Act and applicable rules
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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