Contents of an Insurance Policy

A policy of insurance must specify the following: (a) the parties between whom the contract is made; (b) the amount to be insured except in the cases of open or running policies; (c) the premium, or if the insurance is of a character where the exact premium is only determinable upon the termination of the contract, a statement of the basis and rates upon which the final premium is to be determined; (d) the property or life insured; (e) the interest of the insured in property insured, if he is not the absolute owner thereof; (f) the risks insured against; and (g) the period during which the insurance is to continue.

(Section 51, R.A. No. 10607 or the Insurance Code of the Philippines)

Why choose ALBURO LAW?

Alburo Alburo & Associates Law Offices:

• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.

• Observe high standards of excellence.

• Always consider innovative approaches to effectively address the legal concerns of our clients, covering a wide range of industries such as food, manufacturing, chemicals, real estate, retail and wholesale trade, and services in fields such as information technology, human resources, security, training, process outsourcing and other manpower services, among many others.

Contact us: 09778050020 | 09778050015 | (02) 7745-4391

Email us: [email protected] | [email protected]

🚨 Learn how to prepare for and handle BIR Audits!

Yangtze Business Solutions Corporation, in partnership with Alburo Alburo & Associates Law Offices, is glad to present "How to Prepare for and Handle BIR Audits”.

Join this seminar and be equipped with comprehensive knowledge and skills to effectively prepare for and manage BIR audits. Handling BIR audits is a critical aspect of managing operations of the business while ensuring compliance with tax laws, and avoiding potential legal and financial repercussions. This seminar aims to empower participants to navigate the complexities of BIR audits confidently.