Category Archives: Insurance

Subrogation Defined

Posted on July 18, 2014 by Erineus

Article 2207 of the Civil Code reads: Art. 2207. If the plaintiff’s property has been insured and he has received indemnity from the insurance company for the injury or loss arising out of the wrong or breach of contract complained … Continue reading →

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When does judicial notice mandatory or discretionary?

Posted on March 8, 2012 by Erineus

Judicial notice does not apply                 Finally, petitioner implores us to take judicial notice of Section 7.01,[67] Article VII of the Management Contract for cargo handling services it entered with the PPA, which limits petitioner’s liability to P5,000.00 per package. … Continue reading →

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Documentary stamp tax is levied on every document which establishes that insurance was made or renewed upon a life.

Posted on February 27, 2012 by Erineus

As can be gleaned from the facts, the deficiency documentary stamp tax was assessed on the increases in the life insurance coverage of two kinds of policies: the “Money Plus Plan,” which is an ordinary term life insurance policy; and … Continue reading →

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