Practice question
What does Section 100 state about the original insured's interest in the reinsurance contract?
- The original insured automatically owns every reinsurer.
- The original insured necessarily becomes a contracting insurer.
- The original insured always controls reinsurance pricing.
- The original insured has no interest in that reinsurance contract under the statutory rule.
- The original insured automatically replaces the ceding insurer.
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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