G.R. No. 20341 – 45 Phil. 122 – Mercantile Law – Insurance Law – Insurable Interest – Mistake in the issuance of an insurance policy In March 1918, Domingo Garcia entered into an insurance contract with The Hong Kong Fire and Marine Insurance Co., Ltd. (HKFI). HKFI agreed to insure […]
Law on Insurance
25 posts
G.R. No. 113899 – 316 SCRA 677 – Mercantile Law – Law on Insurance – Parties to an Insurance Contract – Concealment There was an existing group life insurance executed between Great Pacific Life Assurance (Grepalife) and the Development Bank of the Philippines (DBP). Grepalife agreed to insure the lives […]
G.R. No. L-3032 – 87 Phil. 460 – Mercantile Law – Insurance Law – Characteristics of an Insurance Contract – Premium Payments – Insurance Contract in Times of War – US Rule (Statham Rule) – Time is of the essence In February 1934, Juan Carrero was issued an insurance policy […]
G.R. No. L-1669; G.R. No. L-1670 – 87 Phil. 248 – Mercantile Law – Law on Insurance – Premium Payment – Insurance Contract in Times of War – Premium Payment not excused by war There were two cases consolidated here. First was that of Arcadio Constantino who acquired a life insurance […]
G.R. No. L-2294 – 89 Phil. 54 – Mercantile Law – Law on Insurance – Parties to an Insurance Contract – Insured Enemy In October 1941, Christern, Huenefeld, and Company, a German company, obtained an insurance policy from Filipinas Compañia for the former’s merchandise contained in a building located in […]
G.R. NO. 154514 – 464 SCRA 448 – Mercantile Law – Law on Insurance – Protection and Indemnity Club – Mutual Insurance Company – Certificate of Authority White Gold Marine Services, Inc. owns several shipping vessels. Steamship Mutual Underwriting Association, Ltd. (based in Bermuda) is a protection and indemnity club […]
G.R. No. L-4611 – 98 Phil. 85 – Mercantile Law – Law on Insurance – Ambiguity; To be resolved against insurer – Contract of Adhesion Qua Chee Gan owns four warehouses in Albay. He was using these warehouses to house crops like copra and hemp. All warehouses were insured by Law […]
G.R. NO. 147748 – 487 SCRA 423 – Mercantile Law – Law on Insurance – Contract of Adhesion – Contract Binds Parties – Pre-Need Plan – when insurance may not pay Visitacion Gaw bought a transferable pre-need plan from Pacific Plans in 1982. The plan provides that in case of […]
G.R. No. 75915-16 – 214 SCRA 41 – Civil Law – Preliminary Title – Prescriptive Dates – Prescription of RightsMercantile Law – Law on Insurance – Insurable Interest; when not present In February 1981, the spouses Go It Bun and Choi Ping Tai insured their property with Cathay Insurance Co., Inc. […]