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1. Life Insurance
a. Individual Life – Insurance on human lives and insurance appertaining thereto or connected
therewith;
b. Group Life – A blanket policy covering a number of individuals.
c. Industrial Life – A form of life insurance under which the premiums are payable either monthly or oftener, if the face amount of insurance provided in any policy is not more than five hundred times
that of the current statutory minimum daily wage in the City of Manila and if the words “industrial” policy are printed upon the policy as part of the descriptive matter.
2. Non-Life Insurance
a. Marine
b. Fire
c. Casualty
3. Contract of Suretyship
a. Individual Life – Insurance on human lives and insurance appertaining thereto or connected
therewith;
b. Group Life – A blanket policy covering a number of individuals.
c. Industrial Life – A form of life insurance under which the premiums are payable either monthly or oftener, if the face amount of insurance provided in any policy is not more than five hundred times
that of the current statutory minimum daily wage in the City of Manila and if the words “industrial” policy are printed upon the policy as part of the descriptive matter.
2. Non-Life Insurance
a. Marine
b. Fire
c. Casualty
3. Contract of Suretyship
