Practice question
Compare an affirmative representation of existing fact with a genuine promissory representation for purposes of Section45. Assume the necessary fraudulent intent and materiality are proved, and no timing or other defense bars relief. Explain the importance of identifying when each representation becomes false.
Legal references
- Insurance Code as amended RA10607: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html Sections39,42 and44–45.
- Insular Life Assurance v. Heirs of Alvarez, GR207526 and210156, October3 2018, Leonen MAIN decision: https://lawphil.net/judjuris/juri2018/oct2018/gr_207526_2018.html PartI.C: fraudulent-intent requirement.
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