Practice question
What is the maximum statutory credit extension to a duly licensed intermediary under Section 77?
- Five years
- Ninety days from policy issuance
- An unlimited period in every case
- Exactly one day
- Until the insured's death in every policy
Legal references
- Insurance Code as amended by RA 10607, Section 77: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html
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