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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
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REPUBLIC ACT NO. 1481 - AN ACT TO
AMEND ACT NUMBERED TWO THOUSAND FOUR HUNDRED AND TWENTY-SEVEN,
OTHERWISE KNOWN AS THE INSURANCE ACT, AS AMENDED, BY ADDING AFTER Sec.
ONE HUNDRED SIXTY-FOUR THEREOF, SECTION ONE HUNDRED SIXTY-FOUR-A,
MAKING OBLIGATORY THE INSERTION IN THE POLICY OF FIRE INSURANCE A
CLAUSE ON PRIMA FACIE EVIDENCE OF ARSON, AND FOR OTHER PURPOSES |
Section 1. Act
Numbered Two thousand four hundred and twenty-seven, otherwise known as
"The Insurance Act" as amended, is hereby amended by adding after
section one hundred and sixty-four thereof the following new section: "Section 164-A.
It shall be obligatory on the part of the insurer to insert in the
policy, except in cases of insurance of residential buildings, or
buildings used for purely residential purposes, the following clause: "1. (a) That
the fire insured against started under suspicious circumstances in the
building, store or establishment owned, leased or occupied by the
insured, such as that within or in the ruins of said building, store or
establishment have been found within twelve hours after the said fire
occurred and in the presence of a police officer or fire fighting
officer investigating the fire, rags or jute sacks soaked in gasoline,
kerosene, petroleum or other inflammable materials, or any mechanical
or electrical contrivance calculated or designed to start a fire; or
(b) That the said fire broke out in different parts of the same
premises at about the same time; or (c) That during the life of the
policy, more than two fires have occurred in the premises within a
period of three months, with the abovementioned circumstances
indicating incendiary origin; or (d) That there was stored therein
gasoline, petroleum or easily inflammable material, in violation of the
conditions of the policy or of an insurance policy for said building,
store or establishment; "2. (a) If the
total amount of insurance carried on said building, merchandise,
furniture or other goods insured by one or several insurance companies,
exceeds seventy per cent of the value of the properties insured: or (b)
when a substantial portion of the effects insured and stored therein
had been withdrawn from the premises, except in the ordinary course of
business, shortly before the fire; or (c) if the fire occurs within the
period of three months from the date of the policy." Sec. 2. This Act shall take effect upon its approval.cralaw Approved: June 16, 1956 |