The principal of insurance which aims at protecting the insured against mispresentation is known as ?​

Business · High School · Tue Nov 03 2020

Answered on

The principal of insurance which aims at protecting the insured against any fraud or infringement is known as the Insurance Code. 

Mandated under the Republic Act No. 10607 of the Republic of the Philippines. The Republic Act was signed during July 23, 2012. It's primary purpose is to strengthen the insurance industry, and give protection to all individuals against any form of misconception, and unethical conduct.

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