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Binangkal Midterm Notes: Insurance Concepts by GayFleur Cabatit Ramos is a document available to read on EtoBox.

What is Binangkal Midterm Notes: Insurance Concepts about?

This document discusses key concepts in insurance law: 1) It defines important terms like "contract of insurance", "pre-need plan", and "variable contract". It also discusses the elements of a valid insurance contract (consideration, risk, insurable interest, peril, and risk distribution). 2) It covers the doctrine of subrogation, which allows an insurer to step into the shoes of the insured after paying a claim, and recover losses from third parties. Subrogation only applies to property insurance. 3)

Author

GayFleur Cabatit Ramos

Language

EN