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- The “Cash and Carry” Rule provides that “notwithstanding any agreement to the contrary, no policy or contract of insurance issued by an insurance company is valid and binding unless and until the premium thereof has been paid.” (Section 77, Insurance Code)www.alburolaw.com/what-is-the-cash-and-carry-rule-under-the-insurance-code/
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What is the “Cash and Carry” Rule under the …
WEBFeb 7, 2023 · Section 77 of Republic Act No. 10607 or the Insurance Code provides that “notwithstanding any agreement to the contrary, no policy or contract of insurance issued by an insurance company is …
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