insurances provided under his employment contract: (1) Phil Health; and (2) Care Bear Co. Each of the insurance states clearly the types of insured sicknesses, the accredited hospitals, where the insurances are applicable, the amounts of indemnification in case of sickness, and all other relevant information. A year later, Junie had an illness covered under both of Junie’s health insurance. The accredited hospital billed Junie a total of P100,000, P40,000 of which is covered by Phil Health, and Care Bear Co. covered the remaining. Question: Which legal principles of insurance are p
insurances provided under his employment contract: (1) Phil Health; and (2) Care Bear Co. Each of the insurance states clearly the types of insured sicknesses, the accredited hospitals, where the insurances are applicable, the amounts of indemnification in case of sickness, and all other relevant information. A year later, Junie had an illness covered under both of Junie’s health insurance. The accredited hospital billed Junie a total of P100,000, P40,000 of which is covered by Phil Health, and Care Bear Co. covered the remaining. Question: Which legal principles of insurance are p
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 18DQ
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- Junie, an employee, has two (2) health insurances provided under his employment contract: (1) Phil Health; and (2) Care Bear Co. Each of the insurance states clearly the types of insured sicknesses, the accredited hospitals, where the insurances are applicable, the amounts of indemnification in case of sickness, and all other relevant information. A year later, Junie had an illness covered under both of Junie’s health insurance. The accredited hospital billed Junie a total of P100,000, P40,000 of which is covered by Phil Health, and Care Bear Co. covered the remaining.
Question: Which legal principles of insurance are present, and how are they applied in the situation? Justify your answer.
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