III. INSURABLE INTEREST

a. Blood relationship –

Philamcare Health Care Systems, Inc. v. Court of Appeals, (MAGSUMBOL, Roma)Gercio v. Sun Life Assurance Co. of Canada, (MAGSUMBOL, Roma)

b. Education or support, pecuniary interest –

El Oriente, Fabrica de Tabacos, Inc., v. Posadas, (MAGSUMBOL, Roma)

c. Creditor –

Great Pacific Life Assurance Corp. v. Court of Appeals, ( CHING, Tiffany)

IN PROPERTY INSURANCE

Who Has Insurable Interest –

Existing Interest –

Traders Insurance & Surety Co. v. Golangco, et al., ( CLETO, Karlo)

Filipino Merchants Insurance Co., Inc. v. Court of Appeals, ( DE JESUS, Wilson) Gaisano Cagayan, Inc. v. Insurance Company of North America, ( MANCIA, Scott)

Ong Ling Sing v. FEB Leasing & Finance Corporation, ( MORENO, Gerard) Lampano v. Jose, (ATIENZA, John Rafael)

Mortgagor/Mortgagee –

Saura Import & Export Co., Inc. v. Philippine International Surety Co., Inc (CARIAGA, Nikki)

Great Pacific Life Assurance Corp. v. Court of Appeals, (CHING, Tiffany)San Miguel Brewery v. Law Union and Rock Insurance Co. (CLETO, Karlo)Palileo v. Cosio, (DE JESUS, Wilson)

Carrier or Depositary –

Lopez v. Del Rosario and Quiogue, (FRANCISCO, Marvin)

Measure of Insurable Interest –San Miguel Brewery v. Law Union and Rock Insurance Co., (GATCHALIAN, Andrea)Ong Ling Sing v. FEB Leasing & Finance Corporation, (HAUTEA, Martin)

Effect of Lack of Insurable Interest –Sharuff & Co. v. Baloise Fire Insurance Co., (LIM, Frederick)

Garcia v. Hongkong Fire & Marine Insurance Co. , (MANCIA, Scott)

Cha v. Court of Appeals, (MORENO, Gerard)

When Insurable Interest Must Exist –Tai Tong Chuache & Co. v. Insurance Commission, (NIDEA, Kaena)

Effect of Change of Interest in Thing Insured General rule –

Bachrach v. British American Assurance Co., (SANTOS, Kenneth)

Effect of Transfer of Thing Insured –

San Miguel Brewery v. Law Union and Rock Insurance Co., (SUPAPO, Karen)

IV. PREMIUM

PAYMENT REQUIRED

Effect of Non-Payment –National Leather Co. Inc. v. U.S. Life Insurance Co., (VILLAFUERTE, Diane)Sales de Gonzaga v. Crown Life Insurance Co. , (ATIENZA, John Rafael)

Valenzuela v. Court of Appeals, (BUENAVENTURA, Angeline)

Statutory ExceptionsAcknowledgment receipt –

American Home Assurance Company v. Chua, (CARIAGA, Nikki)Acceptance by obligee of surety bond –

Philippine Pryce Assurance Corp. v. Court of Appeals, (CHING, Tiffany)Cover notes –

Pacific Timber v. Court of Appeals, (CLETO, Karlo)

Jurisprudential ExceptionsEstoppel and credit extension: Still applicable? – UCPB General Insurance Co., Inc. v. Masagana Telemart, Inc. , (DE JESUS, Wilson)

Installments and partial payment – Makati Tuscany v. Court of Appeals, (DORIA, Arniebelle)Tibay v. Court of Appeals, (FRANCISCO, Marvin)

RETURN OF PREMIUM

When Insured EntitledWhen by default of insured (other than actual fraud), insurer never incurred liability under the

policy –

Great Pacific Life Insurance Corporation v. Court of Appeals, (GATCHALIAN, Andrea)

When Insured Not EntitledT hing insured exposed to peril insured against –

Makati Tuscany v. Court of Appeals, (HAUTEA, Martin)

V. THE POLICY

POLICY OF INSURANCE

Form –

Tang v. Court of Appeals, (LIM, Frederick)

Rider, Clause, Warranty or Endorsement –Commissioner of Internal Revenue v. Lincoln Philippine Life Insurance Company, Inc., (MANCIA, Scott)

COVER NOTES .

When Not Binding – Lim v. Sun Life Assurance Co. of Canada, (MORA, Anne)Great Pacific Life Assurance Company v. Court of Appeals, (MORENO, Gerard)

Separate Premium Not Required –

Pacific Timber v. Court of Appeals, (NIDEA, Kaena)

KINDS OF INSURANCE POLICY –

Open Policy –

Development Insurance Corporation v. Intermediate Appellate Court, (SANA, Marco)

CANCELLATION, RENEWAL, REFORMATION

Grounds for Cancellation By Insurer: Grounds –

Philamcare Health Systems, Inc. v. Court of Appeals, (SANTOS, Kenneth)

By either party –

Paulino v. Capital Insurance, (SUPAPO, Karen)

Notice Requirements for CancellationIn General –

Saura Import & Export Co., Inc. v. Philippine International Surety Co., Inc., (VELASCO, Michelle)Malayan Insurance Co., Inc. v. Arnaldo, 154 SCRA 672 (1987) (VILLAFUERTE, Diane)

Reformation – San Miguel Brewery v. Law Union and Rock Insurance Co., (ATIENZA, John Rafael)