PD 612 (The Insurance Code) Section 16

Section 16

SEC. 16. A mere contingent or expectant interest in any thing, not founded en an actual right to the thing, nor upon any valid contract for it, is not insurable.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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