II.

Insurable Interest

Sec. 10. Every person has an insurable interest in the life and
health: chanroblesvirtu allawlibrary

(a) Of himself, of his spouse and of his children;

(b) Of any person on whom he depends wholly or in part for education
or support, or in whom he has a pecuniary interest;
(c) Of any person under a legal obligation to him for the payment of
money, or respecting property or services, of which death or illness
might delay or prevent the performance; and
(d) Of any person upon whose life any estate or interest vested in him
depends.

Sec. 19. An interest in property insured must exist when the insurance
takes effect, and when the loss occurs, but not exist in the meantime; and
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.

Sec. 25. Every stipulation in a policy of insurance for the payment of loss
whether the person insured has or has not any interest in the property
insured, or that the policy shall be received as proof of such interest, and
every policy executed by way of gaming or wagering, is void.

Sec. 184. For purposes of this Code, the term "insurer" or "insurance
company" shall include all individuals, partnerships, associations, or
corporations, including government-owned or controlled corporations or
entities, engaged as principals in the insurance business, excepting mutual
benefit associations. Unless the context otherwise requires, the terms shall
also include professional reinsurers defined in section two hundred
eighty. "Domestic company" shall include companies formed, organized or
existing under the laws of the Philippines. "Foreign company" when used
without limitation shall include companies formed, organized, or existing
under any laws other than those of the Philippines.

Sec. 11. The insured shall have the right to change the beneficiary he
designated in the policy, unless he has expressly waived this right in said
policy.
 A. In One’s own life
Se. 24, RA 11166

sec 42. Health Insurance and Similar Health Services - The PhilHealth
shall:

(a) Develop a benefit package for PLHIV shall include coverage for
in-patient and out patient medical and diagnostic services, including
medication and treatment;
(b) Develop a benefit package for the unbord and the newborn child
from infected mothers;
(c) Set reference price for HIV services in government hospitals;
(d) Conduct programs to educate the human resource units of
companies on the PhilHealth package on HIV and AIDS; and
(e) Develop a mechanism for orphans living with HIV to access HIV
benefit package.

The PhilHealth shall enforce confidentiality in the provision of these

packages to PLHIV. No PLHIV shall be denied or deprived of private
health insurance under a
Health Maintenance Organization (HMO) and private life insurance
coverage under a life insurance company on the basis of the person's
HIV status.
Furthermore, no person shall be denied of his life insurance claims if
he dies of HIV or AIDS under a valid and subsisting life insurance
policy.

The Insurance Commission (IC) shall implement this provision and

shall develop the necessary policies to ensure compliance.

A. In One’s spouse and children

B. Based on dependence for education and support
Art. 195, Family code

Art. 195. Subject to the provisions of the succeeding articles, the following are
obliged to support each other to the whole extent set forth in the preceding
article:
(1) The spouses;
(2) Legitimate ascendants and descendants;
(3) Parents and their legitimate children and the legitimate and illegitimate
children of the latter;
(4) Parents and their illegitimate children and the legitimate and illegitimate
children of the latter; and
(5) Legitimate brothers and sisters, whether of full or half-blood

C. Based on Pecuniary interest

D.