Section 15
SEC. 15. A mere contingent or expectant interest in anything, not founded on an actual right to the thing, nor upon insurable. any valid contract for it, is not insurable.
Act No. 2427 Section 15
SEC. 15. A mere contingent or expectant interest in anything, not founded on an actual right to the thing, nor upon insurable. any valid contract for it, is not insurable.
CitationAct No. 2427 Section 15 (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).