Act No. 2427 Section 2

Section 2

SEC. 2. Insurance is a contract whereby one undertakes for a consideration to indemnify another against loss, damage, or liability arising from an unknown or contingent WHAT MAY BE INSURED.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER I.—Insurance in general. →

Other provisions in CHAPTER I.—Insurance in general.

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 2427 Section 2 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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