Act No. 2427 Section 194

Section 194

SEC. 194. Corporations formed or organized to save any person or persons or other corporation harmless from loss, damage, or liability arising from any unknown or future or contingent event, or to indemnify or to compensate any person or persons or other corporation for any such loss, damage, or liability, or to guarantee the contractual obligations or debts of others, shall be known as insurance corporations for the purposes of this chapter. DOMESTIC INSURANCE CORPORATIONS.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER V.—Insurance companies. →

Other provisions in CHAPTER V.—Insurance companies.

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 194 (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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