Practice question
Under Section 48's first paragraph, when must an insurer exercise a chapter-based right to rescind?
- Only after final judgment.
- At any time without limit.
- Only after the beneficiary wins an appeal.
- Only after the policyholder's estate closes.
- Before commencement of an action on the contract.
Legal references
- Insurance Code as amended by RA10607, Sections26–48 and95–100: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html
- Heirs of Monera v. Manila Bankers Life, GR246446, January28 2026, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/70461
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