Insurance Claims Payment and Interest Act

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Act No. 3802: Insurance Claims Payment and Interest Act

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Title Source: Supreme Court: Insurance Claims Payment and Interest Act

Law: Act No. 3802

Decision Date: Dec 4, 1930

The Amendment to Chapter 1 of Act No. 2427, also known as the Insurance Act, focuses on the prompt payment of claims and loss or damage covered by insurance policies in the Philippines, with specific timeframes and interest rates outlined for delayed payments.

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