SEC. 31. Materiality is to be determined not by the event, In:
solely by the probable and reasonable influence of the facts upon the
party to whom the communication is due, in fuming his estimate of the
disadvantages of the proposed contract, or in making his inquiries.
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 31 (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).