Insurance

Perfection of an Insurance Contract

When is the insurance contract perfected?

 

When the assent or consent is manifested by the meeting of the offer and the acceptance upon the thing and the cause which are to constitute the contract. Mere offer or proposal is not contemplated. (De Lim v. Sun Life Assurance Co., G.R. No. L-15774, Nov. 29, 1920)


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Musikatorni is a musical project by Atty. Ranny Randolf B. Libayan, known for its original song compositions that blend insightful lyrics with captivating melodies.
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