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Section 308. It shall be unlawful for any person, company or corporation - Insurance Code (usually included in commercial codals)

Section 308. It shall be unlawful for any person, company or corporation of Insurance Code (usually included in commercial codals). Section 308. It shall be unlawful for any person, company or corporation in the Philippines to act as general agent of any insurance company unle

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Insurance Code (usually included in commercial codals)

Section 308. It shall be unlawful for any person, company or corporation in the Philippines to act as general agent of any insurance company unless he is empowered by a written power of attorney duly executed by such insurance company, and registered with the Commissioner to receive notices, summons and legal processes for and in behalf of the insurance company concerned in connection with actions or other legal proceedings against said insurance company. It shall be the duty of said general agent to notify the Commissioner of his post office address in the Philippines, or any change thereof. Notices, summons, or processes of any kind sent by registered mail to the last registered address of such general agent of the company concerned or to the Commissioner shall be sufficient service and deemed as if served on the insurance company itself.

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