<p style="text-align:justify"><strong>NOTICE</strong></p>

<p style="text-align:justify">THIS INSURANCE IS WRITTEN ON A CLAIMS-MADE BASIS AND PROVIDES COVERAGE FOR THOSE CLAIMS WHICH ARE FIRST MADE WHILE THIS INSURANCE IS IN FORCE AND WHICH ARE THE RESULT OF WRONGFUL ACTS OCCURRING SUBSEQUENT TO THE RETROACTIVE DATE SHOWN IN ITEM 3 OF THE SCHEDULE PAGE.&nbsp; NO COVERAGE EXISTS FOR CLAIMS FIRST MADE AFTER THE END OF THE POLICY PERIOD UNLESS, AND TO THE EXTENT, AN EXTENDED REPORTING PERIOD APPLIES.&nbsp; THE INSURANCE PROVIDED BY THIS POLICY PROVIDES THAT THE LIMIT OF LIABILITY AVAILABLE TO PAY JUDGMENTS OR SETTLEMENTS WILL BE REDUCED BY AMOUNTS INCURRED FOR CLAIMS EXPENSES.&nbsp; CLAIMS EXPENSES SHALL ALSO BE APPLIED AGAINST THE DEDUCTIBLE AMOUNT.</p>

<p style="text-align:justify">WHEREAS the Insured named in the Schedule (hereinafter referred to as <strong>&ldquo; the INSURED&rdquo;</strong>) by a written proposal and declaration, which shall be the basis of this contract and is deemed to be incorporated herein has applied to <strong>ALLIEDBANKERS INSURANCE CORPORATION</strong> (hereinafter referred to as <strong>&ldquo;the</strong> <strong>INSURER&rdquo;</strong>) for the insurance hereinafter contained and subject to payment of the Premium as stated in the Schedule.</p>

<p style="text-align:justify">NOW THIS POLICY witnesses that in respect of contingencies happening during the Period of Insurance and subject to the limitations, exceptions, and conditions contained herein or endorsed hereon, the Insurer will compensate the Insured as hereinafter provided.</p>

<p style="text-align:justify"><strong>SECTION I &ndash; INSURING AGREEMENTS</strong></p>

<ol>
	<li style="text-align:justify">
	<p style="text-align:justify"><strong>PROFESSIONAL LIABILITY COVERAGE:</strong><br />
	To pay on behalf of the Insured all sums in excess of the Deductible amount stated in the Schedule which the Insured shall become legally obligated to pay as LOSS because of any CLAIM or CLAIMS which may be made against them during the Period of Insurance for BODILY INJURY arising out of a WRONGFUL ACT which occurred on or after the RETROACTIVE DATE stated in the Schedule and within the GEOGRAPHICAL TERRITORY as hereinafter defined.</p>
	Any CLAIM made against an Insured as a result of a WRONGFUL ACT to which this Insurance applies must first be made against the INSURED during the Period of Insurance and reported in writing to the Insurer as soon as possible during the Period of Insurance but not later than sixty (60) days thereafter.&nbsp; If during the Period of Insurance an Insured first becomes aware of a WRONGFUL ACT to which this Insurance applies and which might subsequently give rise to a Claim, and provides Insurer, during the Period of Insurance, with written notice containing names of injured parties and any witnesses and specifics of the time, place and nature of the WRONGFUL ACT, then any Claim subsequently made for the WRONGFUL ACT shall be treated as having been made when the Insurer first received notice of the WRONGFUL ACT.<br />
	&nbsp;</li>
	<li>
	<p style="text-align:justify"><strong>DEFENSE COSTS, SETTLEMENT AND CLAIMS EXPENSES</strong><br />
	<strong>(INCLUDED IN THE LIMITS OF LIABILITY):</strong></p>

	<ol start="1" style="list-style-type:lower-alpha">
		<li style="text-align:justify">The Insurer has the sole right to appoint counsel and the right and duty to defend any Claim or Suit brought against the Insured seeking Damages on account of a Wrongful Act even if such Claim or Suit is groundless, false, or fraudulent.<br />
		<br />
		The Insured shall not admit liability for or settle any Claim or Suit or incur any cost, charge or expense without the written consent of the Insurer.&nbsp; The Insurer has the right to make such investigation and conduct negotiations and, with the written consent of the Insured, enter into such settlement of any Claim or Suit as the Insurer deems expedient.<br />
		<br />
		If the Insured refuses to contest to any settlement or compromise recommended by the Insurer and acceptable to the claimant and elects to contest the Claim or Suit, the Insurer&rsquo;s liability shall not exceed the amount for which the Insurer would have been liable for Damages and Claims Expenses if the Claim or Suit had been so settled or compromised, when and as so recommended, and the Insurer shall have no liability for Claims Expenses accruing thereafter and the Insurer shall have the right to withdraw from the further defense of the Claim or Suit by tendering control of the defense thereof to the Insured.<br />
		<br />
		The Insurer shall not be obligated to pay any Claim, judgment, award or Claims Expenses, or to undertake or continue defense of any Claim or Suit after the applicable limit of the Insurer&rsquo;s liability has been exhausted by payment of judgments, awards, settlements or Claims Expenses or after deposit of the applicable limit of the Insurer&rsquo;s liability in a court of competent jurisdiction, and that in such a case, the Insurer shall have the right to withdraw from further defense of the Claim or Suit by tendering control of the defense thereof to the Insured.<br />
		&nbsp;</li>
		<li style="text-align:justify">The Insurer shall pay all expenses it incurs in any Suit defended by it and brought against the Insured alleging a Wrongful Act, all costs taxed against the Insured in any Suit, and all interest on the entire amount of any judgment therein which accrues after entry of the judgment and before the Insurer has paid, tendered or deposited in court that part of the judgment which does not exceed the limit of the Insurer&rsquo;s liability thereon.<br />
		&nbsp;</li>
		<li style="text-align:justify">The Insurer shall pay premium on appeal bonds required in any Suit defended by the Insurer and brought against the Insured alleging a Wrongful Act, and/or premiums on bonds to release attachments for an amount not in excess of the applicable Limit of Liability of this Policy, but without any obligation to apply for or furnish any such bonds.<br />
		&nbsp;</li>
		<li style="text-align:justify">The Insurer shall pay all reasonable expenses, other than the loss of earnings, incurred by the Insured at the Insurer&rsquo;s request.<br />
		&nbsp;</li>
	</ol>
	</li>
	<li style="text-align:justify"><strong>DEFINITIONS</strong>
	<ol start="1" style="list-style-type:lower-alpha">
		<li><strong>INSURED</strong><br />
		The term means, the partnership described in the Schedule, including each member therof with respect to the acts or omissions of others, but the inclusion herein of more than one insured shall not operate to increase the Limits of Insurer&rsquo;s Liability.<br />
		&nbsp;</li>
		<li><strong>BODILY INJURY</strong><br />
		The term means physical injury to the body, sickness, disease and mental injury or death resulting therefrom.&nbsp; Mental Injury shall mean any physical injury to the brain or any part thereof which can be detected, traced or registered in any of the following brain examinations:
		<ul style="list-style-type:disc">
			<li>Computerized Tomographic Scanning (CTScan)</li>
			<li>Positron Emission Tomography (PET)</li>
			<li>Cerabral Angiography</li>
			<li>Electroencephalography (EEG)</li>
			<li>Electonystagmography</li>
			<li>Digital Intravenous Subtraction Angiography (DISA)</li>
			<li>Magnetic Resonance Imaging (MRI)</li>
			<li>Radionuclide Imaging</li>
			<li>Myelography</li>
			<li>Electromyography (EMG)</li>
			<li>Echoencephalography<br />
			&nbsp;</li>
		</ul>
		</li>
		<li><strong>CLAIM</strong><br />
		Claim means a written demand for money naming the Insured and alleging a WRONGFUL ACT to which this insurance applies.<br />
		&nbsp;</li>
		<li><strong>CLAIMS EXPENSES</strong><br />
		Claims expenses shall mean reasonable and necessary costs, charges and expenses incurred in the defense of a claim, inclusive of appeals and any awards of pre-judgment or post-judgment interest, but shall not include the salary or expense charges of regular employees or of the officers of the Insured.<br />
		&nbsp;</li>
		<li><strong>LOSS</strong><br />
		Loss shall mean:
		<ol start="1" style="list-style-type:lower-roman">
			<li>damages, judgments and costs awarded against the Insured by a court or tribunal empowered to do so; and</li>
			<li>settlements entered into with the Insurers&rsquo; prior consent (such consent not to be unreasonably withheld); and</li>
			<li>Claims Expenses as defined in this Policy.<br />
			<br />
			Loss shall not include civil or criminal fines or penalties imposed by law, non-compensatory damages including punitive or exemplary damages, taxes or any amount for which the Insured is not legally liable to pay.<br />
			​</li>
		</ol>
		</li>
		<li><strong>PERIOD OF INSURANCE</strong><br />
		The period of time between the inception date shown in the Schedule and the effective date of expiration or cancellation of this Policy and specifically excludes any Extended Reporting Period hereunder.<br />
		&nbsp;</li>
		<li><strong>SUIT</strong><br />
		A civil action or proceeding alleging monetary. Damages because of a WRONGFUL ACT to which this insurance applies.<br />
		&nbsp;</li>
		<li><strong>WRONGFUL ACT</strong><br />
		Any actual or alleged malpractice, error, neglect, omission or mistake in rendering or failure to render professional services in the practice of the Insured&rsquo;s profession described in the Schedule and in the institution named in the Schedule.<br />
		&nbsp;</li>
		<li><strong>INTERRELATED WRONGFUL ACTS</strong><br />
		Wrongful Acts that have as a common nexus any fact, circumstance, situation, event, transaction, cause or series of casually connected facts, circumstances, situations, events, transactions or causes.<br />
		&nbsp;</li>
		<li><strong>GEOGRAPHICAL TERRITORY</strong><br />
		In respect of this Insurance, Geographical Territory shall be limited to the PHILIPPINES ONLY.<br />
		​</li>
	</ol>
	</li>
	<li style="text-align:justify"><strong>EXTENDED REPORTING PERIOD</strong><br />
	In the event of the termination of this insurance by reason of non-renewal or cancellation by the Insured, or if the Insurer cancels or refuses to renew this insurance for reasons other than the Insured&rsquo;s non-payment of premium or Insurer cancels or non-compliance with the terms and conditions of this Policy, the Insured shall have the right upon payment of an additional premium to extend the Claims reporting period to apply to Claims first made against the Insured for an additional period.&nbsp; This period shall hereinafter be referred to as the Extended Reporting Period and will be described on the Extended Reporting Period endorsement.&nbsp; The Insured will have the option to purchase one Extended Reporting Period endorsement for a duration of one (1) year for an additional premium of 50% of the total annual premium.&nbsp; Claims made during the Extended Reporting Period must arise out of a WRONGFUL ACT which occurs subsequent to the Retroactive Date stated in the Schedule and prior to the date of non-renewal or cancellation, and are otherwise subject to the terms and conditions of this Policy.&nbsp; The premium shall be computed in accordance with the Insurer&rsquo;s rules, rates, rating plans and premiums applicable on the effective date of non-renewal or cancellation.<br />
	<br />
	If, however, this Policy is immediately succeeded by similar claims-made insurance coverage on which the Retroactive Date is the same as, or earlier than that shown in the Schedule of this Policy, the succeeding insurance shall be deemed to be a renewal hereof, and in consequence the Insured shall no longer have any right to purchase an Extended Reporting Period.<br />
	<br />
	The quotation of a different premium and/or Limit of Liability for renewal does not constitute a refusal to renew for the purpose of this provision.<br />
	&nbsp;</li>
	<li style="text-align:justify"><strong>LIMITS OF LIABILITY</strong><br />
	The Limit of liability stated in the Schedule as applicable to &ldquo;Each Claim&rdquo; is the limit of the Insurer&rsquo;s liability for all amounts payable hereunder in settlement or satisfaction of Claims, judgments or awards and Claims Expenses arising out of the same WRONGFUL ACT without regard to the number of Insureds, Claims, demands, Suits or proceedings or claimants.&nbsp; If additional Claims are subsequently made which arise out of the same WRONGFUL ACT as Claims already made and reported to the Insurer, all such Claims, whenever made, shall be considered first made when the earliest Claim arising out of such WRONGFUL ACT was first made and all such Claims shall be subject to one such Limit of Liability.<br />
	<br />
	The Limit of Liability stated in the Schedule as &ldquo;Aggregate&rdquo; is, subject to the above provisions respecting &ldquo;Each WRONGFUL ACT&rdquo;, the limit of the Insurer&rsquo;s liability for all amounts payable hereunder in settlement or satisfaction of Claims, judgments or awards and Claims Expenses arising out of Claims first made and reported to the Insurer during the Period of Insurance or during the Extended Reporting Period.&nbsp; The aggregate Limit of Liability for the Extended Reporting Period shall be part of and not in addition to the aggregate Limit of Liability for the Period of Insurance.<br />
	<br />
	For purposes of the Limits of Liability, a series of continuous, repeated or interrelated WRONGFUL ACTs shall be considered as one WRONGFUL ACT.&nbsp; The inclusion herein of more than one Insured shall not operate to increase the limits of the Insurer&rsquo;s liability.<br />
	<br />
	The Limit(s) of Liability available to pay judgments or settlements, shall be reduced by Claims Expenses.<br />
	<br />
	If the Limits of Liability are exhausted prior to settlement or judgment of any pending Claim, the Insurer shall have the right to withdraw from the further investigation or defense thereof by tendering control of such investigation or defense to the Insured, and the Insured agrees, as a condition to the Issuance of this Policy, to accept such tender.<br />
	&nbsp;</li>
	<li style="text-align:justify"><strong>DEDUCTIBLE</strong><br />
	The Insurer shall only be liable for those amounts payable hereunder in settlement or satisfaction of Claims, judgments or awards, or Claims Expenses which are in excess of the Deductible stated in Item 8 of the Schedule.&nbsp; This Deductible shall apply to each WRONGFUL ACT and shall be borne by the Insured and remain uninsured.&nbsp; For purposes of the Deductible, Claims arising out of the same &ldquo;WRONGFUL ACT&rdquo; or out of a series of continuous,&nbsp; repeated or INTERRELATED WRONGFUL ACTS shall be considered as arising out of one WRONGFUL ACT, and only one Deductible amount shall apply thereto.</li>
</ol>

<p style="text-align:justify"><strong>SECTION II &ndash; EXCLUSIONS</strong></p>

<p style="text-align:justify">This POLICY does not apply to any CLAIM or CLAIMS arising out of:</p>

<ol start="1" style="list-style-type:lower-alpha">
	<li style="text-align:justify">any consequence of war, invasion, acts of foreign enemy, hostilities (whether war be declared or not), civil war, terrorism, rebellion, revolution, insurrection or military or usurped power;</li>
	<li style="text-align:justify">directly or indirectly caused or contributed to by ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.&nbsp; For the purpose of this exclusion, combustion shall include any self-sustaining process of nuclear fission</li>
	<li style="text-align:justify">Any criminal act or any act committed in violation of any law or ordinance;</li>
	<li style="text-align:justify">Services rendered while under the influence of intoxicants or narcotics;</li>
	<li style="text-align:justify">Medical services rendered without any diagnostic or therapeutic reasons; in case of plastic/aesthetic surgery cover is granted only for re-constructive surgery as a necessary consequence of accident and/or congenital deformation;</li>
	<li style="text-align:justify">Treatment/services rendered to provoke/avoid gravidity/pro-creation, including operations to produce sterility, in-vitro-fertilization and/or abortions;</li>
	<li style="text-align:justify">Damages of whatsoever nature directly or indirectly caused by or contributed to or arising from ionizing radiation or contamination by radioactivity.</li>
	<li style="text-align:justify">Liability of others assumed by the insured under any contract or agreement or to liability assumed by the Insured under any agreement guaranteeing the result of any treatment;</li>
	<li style="text-align:justify">Liability of the insured as proprietor, superintendent or executive director and/or officer of any hospital, sanitarium, clinic with bed and board facilities, laboratory or business enterprise;</li>
	<li style="text-align:justify">Genetic damages/manipulation;</li>
	<li style="text-align:justify">The use of drugs for weight reduction;</li>
	<li style="text-align:justify">Any procedure which implants or injects into the human body any kin of substance or tissue or object;</li>
	<li style="text-align:justify">Any pathological investigation, procedure or diagnosis in respect&nbsp; of human tissue;</li>
	<li style="text-align:justify">Operation of blood banks except where these are purely providing blood or blood products for the herewith insured operations;</li>
	<li style="text-align:justify">The performance by dentists and dental surgeons of general anaesthesia&nbsp; or any procedure carried out under general anaesthesia unless performed in an accredited and licensed hospital;</li>
	<li style="text-align:justify">Acquired Immune Deficiency Syndrome, AIDS related complex or any sickness, illness or disease, including death at any time resulting therefrom which is contributed by or exacerbated by Acquired Immune Deficiency Syndrome, AIDS related complex.<br />
	Any manifestation or consequence of the fear of the infection by any HIV-related viruses or of the fear of AIDS.</li>
</ol>

<p style="text-align:justify"><strong>SECTION III &ndash; GENERAL CONDITIONS</strong></p>

<p style="text-align:justify">This Policy and the Schedule shall be read together as one contract and any word or expression to which a specific meaning has been attached in any part of this Policy or of the Schedule shall bear such specific meaning wherever it may appear.</p>

<p style="text-align:justify"><strong>Assignment, Termination</strong><br />
Assignment of interest under this Policy shall not bind the Insurer until its consent is endorsed hereon.&nbsp; However, if the Insured shall die or be adjudged incompetent, this Policy shall thereupon terminate but shall cover the Insured&rsquo;s legal representative as the Insured with respect to liability previously incurred and covered by this Policy.&nbsp; Pro-rata return premium will be computed from the date of termination.</p>

<p style="text-align:justify"><strong>Action Against the Insurer</strong><br />
No action shall lie against the Insurer unless, as a condition precedent thereto, the Insured shall have fully complied with all the terms of this Policy, not until the amount of the Insured&rsquo;s obligation to pay shall have been finally determined either by judgment against the Insured after actual trial or by written agreement of the Insured, the claimant and the Insurer.</p>

<p style="text-align:justify">Any person or organization or the legal representative thereof who has secured such judgment or written agreement shall hereafter be entitled to recover under this Policy to the extent of the insurance afforded by this Policy.&nbsp; Nothing contained in this Policy shall give any person or organization any right to join the Insurer as a co-defendant in any action against the insured to determine the Insured&rsquo;s liability.</p>

<p style="text-align:justify">If a claim be made and rejected and an action or suit be not commenced either in the Insurance Commission or any Court of competent jurisdiction within twelve (12) months from receipt of notice of such rejection or in case of arbitration taking place as provided herein, within twelve (12) months after due notice of the award made by the arbitrator or arbitrators or umpire, then the claim shall for all purposes be deemed to have been abandoned and shall not thereafter be recoverable hereunder.</p>

<p style="text-align:justify"><strong>Cancellation</strong><br />
This Policy shall not be cancelled by the Insurer except in accordance and pursuant with the provisions of Sections 64 and 65 of the Insurance Code.&nbsp; In the event of such cancellation, the Insurer shall refund the paid premiums less the earned portion thereof to the Insured pro-rata.&nbsp; Likewise, at the request of the Insured this Policy may be cancelled on the short rate basis set forth in the short rate cancellation table.</p>

<p style="text-align:justify"><strong>Short Rate Cancellation Table</strong><br />
This Table applies only to policies issued for a term of one year.&nbsp; The earned premium retained by the Insurer shall be in accordance with the applicable percentage indicated below, but in no event less than the Insurer&rsquo;s customary minimum premium.</p>

<ul>
	<li style="text-align:justify">5 days or less - 6</li>
	<li style="text-align:justify">Up to 10 days - 10</li>
	<li style="text-align:justify">Up to 15 days - 13</li>
	<li style="text-align:justify">Up to 20 days - 17</li>
	<li style="text-align:justify">Up to one month - 20</li>
	<li style="text-align:justify">Up to two months - 30</li>
	<li style="text-align:justify">Up to three months - 40</li>
	<li style="text-align:justify">Up to four months - 50</li>
	<li style="text-align:justify">Up to five months - 60</li>
	<li style="text-align:justify">Up to six months - 70</li>
	<li style="text-align:justify">Up to seven months - 75</li>
	<li style="text-align:justify">Up to eight months - 80</li>
	<li style="text-align:justify">Up to nine months - 90</li>
	<li style="text-align:justify">Over nine months - 100</li>
</ul>

<p style="text-align:justify"><strong>Changes and Alterations</strong><br />
Notice to any agent or knowledge possessed by any agent or by any other person shall not effect a waiver or a change in any part of this Policy or stop the Insurer from asserting any right under the terms of this Policy; nor shall the terms of this Policy be waived or altered except when made by written endorsement signed by an authorized representative of the Insurer and issued in accordance with the pertinent provisions of <strong>Section 50 of the Insurance Code.</strong></p>

<p style="text-align:justify"><strong>Declarations</strong><br />
By acceptance of this Policy the Insured agrees and warrants that all information contained in the Application Form and attachment are correct and accurate, that this Policy is issued in reliance upon the truth of such representations.&nbsp; If such information is incorrect or misleading, the Insurer may at its sole discretion either:</p>

<ol start="1" style="list-style-type:lower-alpha">
	<li style="text-align:justify">void the Policy at its Inception Date and return the Premium to the Insured; or</li>
	<li style="text-align:justify">continue the indemnification of the Insured but exclude any claims which may result from the&nbsp;misleading or incorrect information.</li>
</ol>

<p style="text-align:justify"><strong>False, Fraudulent Claims</strong><br />
If the Insured makes any claim knowing the same to be false or fraudulent, as regards amount or otherwise, this insurance shall become void and all claims thereupon shall be forfeited.</p>

<p style="text-align:justify"><strong>Inspection and Audit</strong><br />
The Insurer shall be permitted to inspect the premises and to examine and audit the Insured&rsquo;s books and records at any time during the Period of Insurance and any extension thereof and within three years after the final termination if this Policy, as far as they relate to the premium bases of the subject matter of this insurance.</p>

<p style="text-align:justify"><strong>Jurisdiction</strong><br />
The indemnity provided by this Policy shall apply only in respect of compensation resulting from judgment rendered or obtained from a court in the Jurisdiction stated in the Schedule, as well as charges, expenses and legal costs incurred and recoverable in the same jurisdiction.</p>

<p style="text-align:justify"><strong>Other Insurance</strong><br />
If any Loss arising from any Claim is insured by another valid policy or policies, then the Insurer shall not be liable under this Policy for a greater proportion of such Loss than the applicable limit of liability stated in the Schedule bears to the total applicable limit of liability of all valid and collectible insurance against such Loss, unless&nbsp; such other insurance is written specifically excess of this Policy.</p>

<p style="text-align:justify"><strong>Receipt of Payment Clause</strong><br />
Except only in those specific cases where corresponding rules and regulations which now are or may hereafter be in force provide for the payment of the stipulated premiums in periodic installments at fixed percentages, it is hereby agreed, declared and warranted that this Policy shall be deemed effective valid and binding upon the Insurer only when the premiums and documentary stamps therefore have actually been paid and duly acknowledged in a receipt signed by any authorized official or representative/agent of the Insurer.</p>

<p style="text-align:justify"><strong>Renewal Clause (Sec. 66, Insurance Code)</strong><br />
Unless the Insurer at least forty&ndash;five (45) days prior to the end of the Period of Insurance mails or delivers to the named Insured at the address shown in the Policy Schedule notice not to renew the policy or to condition its renewal upon reduction of its limits or elimination of coverage, the named insured shall be entitled to renew the policy upon payment of the premium due on the effective date of the renewal.&nbsp; Any policy written for a term of less than one year shall be considered as if written for a term of one year.&nbsp; Any policy written for a term longer than one year or any policy with no fixed expiration date shall be considered as if written for successive policy periods or terms of one year.</p>

<p style="text-align:justify"><strong>Settlement of Claim Clause (Sec. 243, Insurance Code)</strong><br />
The amount of any loss or damage for which the Insurer may be liable under this policy, shall be paid within thirty days after proof of loss is received by the Insurer and ascertainment of the loss or damage is made either by agreement between the Insured and the Insurer or by arbitration; but if such ascertainment is not had or made within sixty days after such receipt by the Insurer of the proof of loss, then the loss of damage shall be paid within ninety days after such receipt.&nbsp; Refusal or failure to pay the loss or damage within the time prescribed herein will entitle the Insured to collect interest on the proceeds of the policy for the duration of the delay at the rate of six percent per annum, unless such failure or refusal to pay is based on the ground that the claim is fraudulent.</p>

<p style="text-align:justify"><strong>Subrogation</strong><br />
In the event of any payment under this Policy, the Insurer shall be subrogated to the extent of such payment to all rights of recovery thereof against any person or organization, and the Insured shall execute and deliver all instruments and papers required and shall do everything that may be necessary to secure and preserve such rights including the execution of such documents necessary to enable the Insurer effectively to bring suit in the name of the Insurer.</p>

<p style="text-align:justify"><strong>NOTICE:</strong>&nbsp;THE INSURANCE COMMISSIONER, with offices in Manila, Cebu, Dagupan and Davao is the Government Official in charge of the enforcement of all laws relating to Insurance and has supervision over insurance companies.&nbsp; He is ready at all times to render assistance in settling any controversy between an insurance Company and a policyholder relating to insurance matters.</p>
