SEC. 173. No policy of fire insurance shall be pledged,
hypothecated, or transferred to any person, firm or company who acts as
agent for or otherwise represents the issuing company, and any such
pledge, hypothecation, or transfer hereafter made shall be void and of
no effect insofar as it may affect other creditors of the insured.
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 173 (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).
