Contracts of insurance are
contracts of indemnity upon the terms and conditions specified in the policy.
The agreement has the force of law between the parties. The terms of the policy
constitute the measure of the insurer's liability. If such terms are clear and
unambiguous, they must be taken and understood in their plain, ordinary and
popular sense (Pacific Banking Corp. vs. Court of Appeals, G.R. No. 41014, Nov.
28, 1988).
Walang komento:
Mag-post ng isang Komento