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Insurance Policy Dispute: Manila Bankers Case by JC Hilario is a document available to read on EtoBox.

What is Insurance Policy Dispute: Manila Bankers Case about?

The Supreme Court ruled in favor of the petitioner insurance company. In a 3 sentence summary: The Court found that the Court of Appeals erred in applying the 2-year incontestability provision to bar the petitioner from contesting the insurance policy. The policy was void ab initio because the beneficiary, who had no insurable interest, fraudulently obtained the policy by posing as the insured. As a void contract, the 2-year period did not apply and the petitioner could argue the policy was invalid from th

Author

JC Hilario

Language

EN