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The insured is entitled to return of premiums paid:
1. If the thing insured was never exposed to the risks insured against;
2. Contract is voidable due to the fraud or misrepresentation of insurer;
3. Insurer never incurred liability;
4. When the insurance is for a definite period and the insured surrenders his policy before
the termination thereof;
5. Contract is voidable because of the existence of facts of which the insured was ignorant
without his fault;
6. When there is over-insurance; and,
7. When rescission is granted due to the insurer’s breach of contract.
1. If the thing insured was never exposed to the risks insured against;
2. Contract is voidable due to the fraud or misrepresentation of insurer;
3. Insurer never incurred liability;
4. When the insurance is for a definite period and the insured surrenders his policy before
the termination thereof;
5. Contract is voidable because of the existence of facts of which the insured was ignorant
without his fault;
6. When there is over-insurance; and,
7. When rescission is granted due to the insurer’s breach of contract.
