Philippine Bar review · Question

Practice question: Premium

Multiple Choice Easy

Practice question

Does Section 82 recognize premium return where the contract is voidable and subsequently annulled under the Civil Code?
  1. Yes
  2. No, premium return is categorically prohibited
  3. Only a private survey controls
  4. Only payment in coins counts
  5. Every annulment automatically doubles coverage

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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