Practice question
Under Section 99, reinsurance is presumed to indemnify against what?
- Only reputation damage.
- Only physical damage to the reinsurer's office.
- Liability, not merely damage.
- Only loss of stationery.
- Only losses personally suffered by shareholders.
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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