Practice question
Before insurance is effected, an applicant expressly withdraws an earlier representation and supplies the corrected information. The insurer accepts and effects insurance on the corrected record. It later asserts that Section 41 forbids every preeffect correction. Which is correct?
- Section 41 expressly permits alteration or withdrawal before insurance is effected.
- Only an insurer’s birthday permits correction
- Every preeffect correction is prohibited
- The applicant can correct secretly after every loss
- The section concerns only cargo delivery
Legal references
- Insurance Code, as amended by RA 10607, Sections 26-48 and 97-100: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html
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