Representation in Marine Insurance

Section 113. If a representation by a person insured by a contract of marine insurance, is intentionally false in any material respect, or in respect of any fact on which the character and nature of the risk depends, the insurer may rescind the entire contract.

Section 114. The eventual falsity of a representation as to expectation does not, in the absence of fraud, avoid a contract of marine insurance. (The Insurance as Amended; R.A. 10607)

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