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Tai Tong Chuache & Co. vs Insurance Comm. Et. al., 158 SCRA 366

TAI TONG CHUACHE & CO., petitioner, vs. THE INSURANCE COMMISSION and TRAVELLERS MULTI-INDEMNITY CORPORATION, respondents.

G.R. No. L-55397 | 1988-02-29

FIRST DIVISION

D E C I S I O N 


GANCAYCO, J.

This petition for review on certiorari seeks the reversal of the decision of the Insurance Commission in IC Case #367 1 dismissing the complaint 2 for recovery of the alleged unpaid balance of the proceeds of the Fire Insurance Policies issued by herein respondent insurance company in favor of petitioner-intervenor. 

The facts of the case as found by respondent Insurance Commission are as follows: 

"Complainants acquired from a certain Rolando Gonzales a parcel of land and a building located at San Rafael Village, Davao City. Complainants assumed the mortgage of the building in...