here is the reviewer for midterm

1. Distinguish suretyship from property insurance.

2. Discuss in details the rule on insurance claims when the insured commits
suicide.
3. Distinguish Double Insurance from Over Insurance.
4. Discuss in detais the rule on insurance claims when the insured dies at the
hands of the law.
5. Discuss in details the rule on insurance claims when the insured is killed by
the beneficiary.
6. What are the matters embraced by the term doing an insurance business?
7. Distinguish insurable interest in life insurance from insurable insterest in
property as to definition, coverage, limitation or extent, as to the time it must
exist and as to rules with regard to beneficiary.
8. Discuss concealment as regards definition and remedy given to injured party
in case of concealment.
9. How is materiality determined in a regular insurance contract?
10.Discuss incontestability clause as covered section 48 of the Insurance Code.
11.What are the defenses NOT barred by the Incontestability Clause.
12.Mr. Chas Kerrean stole his mothers diamond ring and gave it to his charming
girlfriend Ms. Athea Charlemagne as a symbol of his undying affection to the
latter under the condition that Ms. Athea Charlemagne would return the ring
to Mr. Chas Kerrean should they break up for whatever reason. May Mr. Chan
Kerrean insure the ring against possible loss? Does he have insurable interest
in the diamond ring? Discuss in details.
13.Distinguish Cover Note with Binding Receipt.
14.What are the instances wherein NON payment of policy would nevertheless
make the policy valid and binding?
15.As an advance birthday gift, Mr. Athea Charlemagne (Mr. Chas Kerrean) gifted
his ex-girlfriend Athea Charlemagne with a male Chihuahua which was named
Twenty One. May Ms. Athea Charlmagne take out an insurance policy on the
life of Twenty One and name her (Athea Charlemagne) as the beneficiary?
16.What is cash and carry rule?
17.When is an insured entitled to a return of premium?
18.What are the effects of a designation of beneficiary as irrevocable?
19.Distinguish double insurance from re-insurance?
20.On March 11, 2016, Mr. Chas Kerrean insured himself for eleven million and
designated his charming girlfriend Athea Charlemagne as the sole and
irrevocable beneficiary. They broke up last June 2016. Since then Mr. Chas
Kerrean exerted efforts to win back Ms.Abigail (Ms. Athea) to no avail. Mr.
Chas Kerrean committed suicide on July 15, 2016. Is the insurance company
liably? Discuss rules in case of suicide of the insured.
21.What are the rules that would govern the insurance of cover notes?
22.Distinguish each kind of policy.
23.What are the grounds for cancellation of a policy?
24.What is an automatic increase clause?
25.May a life insurance be covered by a running policy? Explain.
26.What are the requirements for a foreign company to be allowed to do
insurance business in the Philippines?

27.Who are the persons who cannot be named beneficiary?

28.What are the effects of IRREVOCABLE designation of beneficiary?
29.Distinguish insurable interest in life and in property.
30.Discuss the insurable interest of the Mortgagee an Mortgagor.