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What is Insurance Contract Essentials Guide about?

This document summarizes key concepts in commercial insurance law under Philippine law. It defines a contract of insurance and outlines the requisites, including insurable interest, an insurable event, promise to pay, consideration in the form of premium, and agreement between the parties. It describes the characteristics of an insurance contract as consensual, voluntary, aleatory, unilateral, conditional, and a contract of indemnity. It also discusses the cardinal principles of insurable interest, utmost g

Author

Marx Libiran

Language

EN