Practice question
A claim is denied by reason of the insured’s actual fraud. The insured invokes the favorable first part of Section 82 but omits its express fraud-denial limitation. Which is correct?
- The section expressly denies premium return in its stated fraud situation
- Every fraud denial automatically guarantees a refund
- The insured may delete the limiting sentence
- Only the insurer’s stationery determines the result
- Fraud has no statutory relevance
Legal references
- Insurance Code as amended by RA 10607: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html; Sections 82,84.
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