Insurance Law Quiz Posted on October 1, 2022October 1, 2022 by Bryan Villarosa 0 votes, 0 avg 107 Created on October 01, 2022 By Bryan Villarosa Insurance Law Quiz This quiz is related to the laws governing contracts of insurance in the Philippines: (1) R.A. 10607 (July 23, 2012); (2) New Civil Code; (3) Special Laws. 1 / 2 What is constructive total loss? When the goods covered of insurance can no longer be found. When the object suffered actual loss of at least three-fourths of its value When the charterer's payment has exceeded three-fourths of the prevailing rate 2 / 2 What is abandonment? Or a notice of abandonment in insurance? The act of the insured cargo ship owner where his team abandons the ship in the sea. The act of the insured which, after a constructive loss, declares to the insurer his interest in the thing insured. The act of the insurer abrogating its obligations to the insured. Your score isThe average score is 45% LinkedIn Facebook VKontakte 0% Restart quiz
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