Requirements for Industrial All Risks Insurance

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IC CIRCULAR LETTER NO. 18/89: Requirements for Industrial All Risks Insurance

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Title Supreme Court: Requirements for Industrial All Risks Insurance

Law: Ic Circular Letter No. 18/89

Decision Date: Aug 31, 1989

Industrial All Risks (IAR) insurance policies require a minimum coverage of P2.5 billion for property damage, adherence to standard forms approved by the Insurance Commissioner, and compliance with specific indexing and underwriting criteria to qualify for coverage.

insurance

industrial risk

all risks

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