Practice question
Does Section 74 address material warranty violations by either contracting party?
- No, only the insured can ever breach
- Only private creditors are parties
- Yes
- Only brokers can invoke any policy term
- The section applies only to corporate names
Legal references
- Insurance Code as amended by RA 10607: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html; Sections 73-74,76.
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