Practice question
Under Section 97, who procures protection in a contract of reinsurance?
- Only the original insured buying a second direct policy.
- An insurer procuring insurance against loss or liability by reason of its original insurance.
- Only the beneficiary purchasing ordinary health cover.
- Only a government tax collector.
- Any unrelated creditor collecting a debt.
Legal references
- Insurance Code as amended by RA10607, Sections26–48 and95–100: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html
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