Category Archives: Insurance

Subrogation Defined

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?

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.

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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