Practice question
Under Section 51, must the policy identify the period during which insurance continues?
- No, duration is legally irrelevant
- Yes
- Only if the insured later requests it
- Only a private accountant decides
- Only life policies may state time
Legal references
- Insurance Code as amended by RA 10607: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html; Section 51.
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