Practice question
A policy is voidable and has been duly annulled under the Civil Code. The insurer says Section 82 never provides any premium return after such annulment. Which is correct?
- Every annulled policy requires the insured to pay twice
- The insurer’s categorical claim is the statute’s wording
- Only future risk exposure matters
- The section expressly recognizes the stated ground
- Annulment automatically changes the insured’s nationality
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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