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PD 612 (The Insurance Code) Section 99

Section 99

SEC. 99. Marine insurance includes: Insurance against loss of or damage to: Vessels, craft, aircraft, vehicles, goods, freights, cargoes, merchandise, effects, disbursements, profits, moneys, securities, choses in action, evidences of debt, valuable papers, bottomry, and respondentia interests and all other kinds of property and interests therein, in respect to, appertaining to or in connection with any and all risks or perile of navigation, transit or transportation, or while being assembled, packed, creted, balled, compressed or similarly prepared for shipment or while awaiting shipment, or during any delays, storage, trans-shipment, or reshipment incident thereto, including war risks, marine builder's risks, and all personal property floater risks. Person or property in connection with or appertaining to a marine, inland marine, transit or transportation insurance, including liability for loss of or damage arising out of or in connection with the construction, repair, operation, maintenance or use of the subject matter of such insurance (but not including life insurance or surety bonds nor insurance against loss by reason of bodily injury to any person arising out of the ownership, maintenance, or use of automobiles); Precious stones, jewels, jewelry, precious metals, whether in course of transportation or otherwise. Bridges, tunnels and other instrumentalities of transportation of communication (excluding buildings, their furniture and furnishings, fixed contents and supplies held in storage; piers, wharves, docks and slips, and other aids to navigation and transportation, including dry clocks and marine railways, dams and appurtenent facilities for the control of waterways. "Marine protection and indemnity insurance," meaning insurance against, or against legal liability of the insured for, loss, damage, or expense incident to ownership, operation, chartering, maintenance, use, repair, or construction of any vessel, craft or instrumentality in use in ocean or inland waterways, including liability of the insured for personal injury, illness or death or for loss of or damage to the property of another person. SUB-TITLE 1-B. — Insurance Interest

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Other provisions in PD 612 (The Insurance Code)

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 99 (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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