Section 18
SEC. 18. An interest insured must exist when the insurance takes effect, and when the loss occurs, but need not exist in the meantime.
Act No. 2427 Section 18
SEC. 18. An interest insured must exist when the insurance takes effect, and when the loss occurs, but need not exist in the meantime.
CitationAct No. 2427 Section 18 (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).