Practice question
An insurer’s payment includes returned premiums and a separate investment yield. Explain the need to classify the components before claiming an exclusion.
Legal references
- NIRC, Sections 26, 32(B) and 40(A), (C)(3)-(5), read with later amendments: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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