Philippine Bar review · Question

Practice question: Rescission of Insurance Contracts

Multiple Choice Easy

Practice question

Under Insurance Code Section 33, can the right to material information be waived by the terms of insurance?
  1. Never
  2. Only by a private competitor
  3. Yes; the section expressly recognizes that mode of waiver
  4. Only after every possible loss
  5. Only through a newspaper poll

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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