Practice question
A property-insurance representation is false. Explain why falsity alone and the eventual cause of loss should not replace the statutory materiality inquiry. Address sections 31, 44–46 and the timing limit on an insurer's rescission under section 48.
Legal references
- Insurance Code, as amended by RA 10607, sections 31 and 36–48, https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html
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