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Professor:
ATTY. REYES
Saturday
1 PM to 5 PM
INSURANCE LAW
RA 10607
COURSE OUTLINE
A. GENERAL PRINCIPLE
1. What is an Insurance?
7. Does the fact that no profit was derived from the transaction nor a separate
consideration received therefore mean that no insurance business was
transacted?
2. Is the insured always the person to whom the proceeds are paid?
3. What is the nature of the relationship between the insurer and the insured?
4. How are the terms assurer, insured and assured used in insurance?
7. What are the requisites in order that a person may be insured in a contact
of insurance?
9. What is the effect of war on the existing insurance contracts between the
Philippines and a citizen or subject of a public enemy, with respect to
property insurance?
10.What is the effect of war on the existing insurance contracts between the
Philippines and a citizen or subject of a public enemy, with respect to life
insurance?
11.Is it alright if both the mortgagor and the mortgage insure the same
property?
15.Under Sec. 8, what are the effects of insurance when the mortgagor effects
insurance in his own name and provides that the loss be payable to the
mortgagee?
D. INSURABLE INTEREST
1. What is insurable interest?
4. What is a beneficiary?
8. What if the beneficiary dies before the insured and the insured did not
change the designation, who gets the proceeds?
E. CONCEALMENT
2. What is concealment?
7. Waiver of Information
F. REPRESENTATION
1. What is representation?
3. Test of materiality
H. WARRANTIES
1. What is warranty?
4. What are the Papers attached to the policy and their binding effect? (Rider,
Warranties, Clause, Endorsement)
J. KINDS OF POLICY
1. Open
2. Valued
3. Running
M. PREMIUM
1. What is a Premium?
3. Exceptions
1. Beneficiary
O. DOUBLE INSURANCE
P. REINSURANCE
1. What is Reinsurance?
Q. MARINE INSURANCE
A. Seaworthiness
6. Loss
7. Average
R. FIRE INSURANCE
4. Measure of indemnity
5. Co-insurance clause
S. CASUALTY INSURANCE
3. Insurable interest
T. LIFE INSURANCE
1. Definition
5. Measure of indemnity
5. E. Notice of claim
V. CLAIMS SETTLEMENT