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Sun Life of Canada (Philippines) Inc. vs. Tan Kit

SUN LIFE OF CANADA (PHILIPPINES), INC., PETITIONER, VS. SANDRA TAN KIT AND THE ESTATE OF THE DECEASED NORBERTO TAN KIT, RESPONDENTS.

G.R. No. 183272 | 2014-10-15

SECOND DIVISION
 
D E C I S I O N

DEL CASTILLO, J.:

The Court of Appeals’ (CA) imposition of 12% interest on the P13,080.93 premium refund is the only matter in question in this case.
 
This Petition for Review on Certiorari1 assails the October 17, 2007 Decision2 of CA in CA-G.R. CV No. 86923, which, among others, imposed a 12% per annum rate of interest reckoned from the time of death of the insured until fully paid, on the premium to be reimbursed by petitioner Sun Life of Canada (Philippines), Inc. (petitioner) to respondents Sandra Tan Kit (respondent Tan Kit) and the Estate of the Deceased Norberto Tan Kit...