About this document
Philippine Insurance Law Overview by cmv mendoza is a document available to read on EtoBox.
The document discusses key definitions in Philippine insurance law: 1. An insurance contract is an agreement where one party agrees to indemnify another for loss, damage, or liability from an unknown event in exchange for consideration. Suretyship contracts are also considered insurance if done by a surety company. 2. Doing an insurance business includes making insurance contracts, suretyship contracts as a vocation, reinsurance business, or equivalent business to evade insurance laws. Profit is not requ
- Author
- cmv mendoza
- Language
- EN