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- Upon whose life or health does a person have an insurable interest in? | 12 January 2025
Upon whose life or health does a person have an insurable interest in? | 12 January 2025
The existence of an insurable interest gives a person the legal right to insure the subject matter of the policy of insurance.
Section 10 of the Insurance Code indeed provides that every person has an insurable interest in his own life. Section 19 of the same code also states that an interest in the life or health of a person insured must exist when the insurance takes effect, but need not exist thereafter or when the loss occurs.
It is clear that the general rule is that an illegitimate child shall use the surname of his or her mother. The exception provided by RA 9255 is, in case his or her filiation is expressly recognized by the father through the record of birth appearing in the civil register or when an admission in a public document or private handwritten instrument is made by the father. In such a situation, the illegitimate child may use the surname of the father. (Grace Grande v. Antonio, G.R. No. 206248, February 18, 2014)
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