In Villacorta vs. Insurance Commission, the Supreme Court ruled that when an insured vehicle is taken without the owner’s consent, it constitutes theft under the insurance policy, regardless of the “Authorized Driver” clause. Therefore, the insurer is liable for the loss.
Villacorta vs. Insurance Commission [October 28, 1980] Read More »
In Republic v. Sunlife Assurance Company of Canada, the Philippine Supreme Court ruled that mutual life insurance companies operating as bona fide cooperatives are exempt from paying taxes on life insurance premiums and documentary stamps, even without registration with the Cooperative Development Authority.
Republic vs. Sunlife Assurance Company of Canada [October 14, 2005] Read More »
In De la Cruz v. The Capital Insurance & Surety Co., Inc., the Philippine Supreme Court ruled that the accidental death of Eduardo de la Cruz during a boxing match was covered by his insurance policy. The Court emphasized that unforeseen events during voluntary activities can be considered accidents under insurance contracts.
De la Cruz vs. The Capital Insurance & Surety Co., Inc. [June 30, 1966] Read More »
