1. A neglect to communicate that which a party knows and ought to communicate.

2. It may be oral or written. It may be made at the time of, or before issuance of the policy.
3. The written instrument in which a contract of insurance is set forth.
4. It exists where the same person is insured by several insurers separately in respect to the same subject
and interest.
5. It is one by which an insurer procures a third person to insure him against loss or liability by reason of
such original insurance.
6. It is the departure from the course of the voyage insured or an unreasonable delay in pursuing the
voyage or the commencement of an entirely different voyage.
7. It may be either total or partial.
8. It is the act of the insured by which, after a constructive total loss, he declares the relinquishment to
the insurer of his interest in the thing insured.
9. It is an insurance covering loss or liability arising from accident or mishap, excluding certain types of
loss which by law or custom are considered as failing exclusively within the scope of other insurance
type.
10. An agreement whereby a party called the surety guarantees the performance by another party called
the principal or obligor.
11. It is an insurance on human lives and insurance appertaining thereto or connected therewith.
12. It is a financial product or service that meets the risk protection needs of the poor.
13. An insurance company doing business in the Philippine shall at all times maintain the minimum paid-
up capital, and net worth requirements as prescribed by the Commissioner.
14. It is entitled to payment of the premium as soon as the contract of suretyship or bond is perfected and
delivered to the obligor.
15. It includes insurance against loss by fire, lightning, windstorm, tornado or earthquake and other allied
risks, when such risks are covered by extension to fire insurance policies or under separate policies.

1. Any person receiving compensation while in the service of an employer as defined herein, whether by
election or appointment, irrespective of status of appointment, including barangay and Sanggunian
officials;
2. A member who is not separated from the service
3. The legal dependent spouse until he/she remarries and the dependent children
4. The dependent parents and, subject to the restrictions on dependent children, the legitimate
descendants
5. The basic pay or salary received by an employee, pursuant to his election/appointment
6. The payable to the GSIS by the member and the employer
7. The actual daily compensation or to the actual monthly compensation divided by the number of
working days on the month of contingency but not to exceed twenty-two (22) days
8. The quotient arrived at after dividing the aggregate compensation received by the member during his
last thirty-six (36) months of service preceding his separation/retirement/disability/death by thirty-six
(36)
9. An amount equal to one hundred seventy percent (170%) of the first One thousand pesos (P1,000.00)
of the average monthly compensation plus one hundred percent (100%) of the average monthly
compensation in excess of One thousand pesos (P1,000.00)
10. The basic monthly pension multiplied by sixty (60)
11. Any person receiving old-age permanent total disability pension or any person who has received the
lump sum excluding one receiving survivorship pension benefits as defined in Section 20 of this Act.
12. Any loss or impairment of the normal functions of the physical and/or mental faculty of a member
which reduces or eliminates his/her capacity to continue with his/her current gainful occupation or
engage in any other gainful occupation.
13. Complete incapacity to continue with hid present employment or engage in any gainful occupation due
to the loss or impairment of the normal functions of the physical and/or mental facilities of the member
14. Any productive activity that provided the member with income at least equal to the minimum
compensation of government employees
15. Accrues or arises when the impaired physical and/or mental faculties can be rehabilitated and/or
restored to their normal functions

1. It refers to a system of compulsory measures intended to protect the individual and his family against
the consequences of an avoidable interruption of serious diminution of income for maintaining a
reasonable standard of living
2. Any person who uses and pays for the services of another trade, industry or undertaking.
3. It could be worker in the private sector, house helper, Filipino seafarers
4. An individual who is engaged in any trade, business or occupation.
5. Person who are previously covered nu SSS.
6. A married person who devotes full time in the management of the household and the family affairs
7. It is a daily cash allowance paid for the number of days a member is unable to work due to sickness or
injury.
8. It is a daily cash allowance granted to a female member who is unable to work due to child birthing or
miscarriage.
9. A cash benefit granted either as monthly compensation to a member who can no longer work due to
old age.
10. It is a cash benefits granted either monthly compensation or lump sum to the beneficiaries of
decreased mem.