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White Gold Marine Services, Inc., vs. Pioneer Insurance and Surety Corporation, et al. 464 SCRA 448

WHITE GOLD MARINE SERVICES, INC., Petitioner, versus PIONEER INSURANCE AND SURETY CORPORATION AND THE STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION (BERMUDA) LTD., Respondents.

G.R. No. 154514 | 2005-07-28

FIRST DIVISION

D E C I S I O N 


QUISUMBING, J.: 

This petition for review assails the Decision[1] dated July 30, 2002 of the Court of Appeals in CA-G.R. SP No. 60144, affirming the Decision[2] dated May 3, 2000 of the Insurance Commission in I.C. Adm. Case No. RD-277. Both decisions held that there was no violation of the Insurance Code and the respondents do not need license as insurer and insurance agent/broker. 

The facts are undisputed. 

White Gold Marine Services, Inc. (White Gold) procured a protection and indemnity coverage for its vessels from The Steamship Mutual Underwriting Association (Bermuda) Limited...