Practice question
Explain the timing rules for insurance representations under sections 37, 41 and 42. An applicant wants to correct a statement before insurance is effected; another wants to alter it only after effectivity. Distinguish their positions.
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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