Section 55
SEC. 55. The mere transfer of a thing insured does no transfer the policy, but suspends it until the same person becomes the owner of both the policy and the thing insured.
SEC. 55. The mere transfer of a thing insured does no transfer the policy, but suspends it until the same person becomes the owner of both the policy and the thing insured.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).