SEC. 7. A person violating any of the provisions of this Act shall, upon conviction thereof, be punished by a fine of not more than one thousand pesos or imprisonment for not more than one year, or both, in the discretion of the court, and shall also, as the case may be, be sentenced to refund to the interested party any money he has collected from the same as premium or otherwise.
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. 3342 Section 7 (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).
