SEC. 10. Every person has an insurable interest in the life and
health:
Of himself, of his spouse and of his children;
Of any person on whom he depends wholly or in part for education
or support, or in whom he has a pecuniary interest;
Of any person under a legal obligation to him for the payment of
money, or respecting property or services, of which death or illness
might delay or prevent the performance; and
Of any person upon whose life any estate or interest vested in
him depends.
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
CitationPD 612 (The Insurance Code) Section 10 (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).
