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Republic Act

AN ACT AMENDING CHAPTER ONE OF ACT NUMBERED TWENTY FOUR HUNDRED AND TWENTY-SEVEN, KNOWN AS "THE INSURANCE ACT," SO AS TO PROVIDE A TIME LIMIT OF NOT LESS THAN ONE YEAR FOR BRINGING SUIT UNDER ANY POLICY OF INSURANCE, AND FOR OTHER PURPOSES.

Number
Date of approval
Sections
2
Section 1

SECTION 1. Chapter one of Act Numbered Twenty-four hundred and twenty-seven is hereby amended by inserting the following section therein:

"SEC. 61-A. Any condition, stipulation or agreement in any policy of insurance, limiting the time for commencing an action thereunder to a period of less than one year from the time when the cause of action accrues, is void."

Section 2

SEC. 2. This Act shall take effect on its approval.

Approved, December 1, 1933.

2 sections

Cite this law

AN ACT AMENDING CHAPTER ONE OF ACT NUMBERED TWENTY FOUR HUNDRED AND TWENTY-SEVEN, KNOWN AS "THE INSURANCE ACT," SO AS TO PROVIDE A TIME LIMIT OF NOT LESS THAN ONE YEAR FOR BRINGING SUIT UNDER ANY POLICY OF INSURANCE, AND FOR OTHER PURPOSES. (Official Gazette). Retrieved via LawPlayer, https://lawplayer.com/ph/act/act-elib15676

Source: Official Gazette of the Republic of the Philippines — Philippine laws are public documents (works of the government).

No copyright in works of the Government (RA 8293 s.176)

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