8/12/2019 004 White Gold vs. Pioneer

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004. White Gold Marine Services, Inc. v. Pioneer

Insurance and Surety Corp.,

G.R. No. 1414, !uly "#, "00

$opic% &oin' an Insurance (usiness

Ponente% (arrera, !.

Author: Kelsey MendozaLink:

http%))sc.*udiciary.'ov.ph)*urisprudence)"00)*ul"0

0)1414.ht+

FACTS:1. White Gold obtained a protetion and inde!nity o"era#e $or its "essels $ro! the Stea!ship Mutual

%nder&ritin# Assoiation '(er!uda) Li!ited 'Stea!ship Mutual) throu#h respondent *ioneer.

Subse+uently, it &as issued a Certi$iate o$ -ntry and Aeptane.. *ioneer also issued reeipts &hih e"idened the pay!ent $or said o"era#e. When White Gold $ailed to

pay its aount, Stea!ship Mutual re$used to rene& the o"era#e.

/. Stea!ship Mutual then $iled a ase a#ainst White Gold $or the olletion o$ su! o$ !oney to reo"er the

latter0s balane.. White Gold $iled a o!plaint be$ore the 2nsurane Co!!ission lai!in# that Stea!ship Mutual 3iolated

Setions 145 6 147 o$ the 2nsurane Code &hile *ioneer Setions 889/1 in relation to Setions / 6

//.;. The o!plaint &as dis!issed on the basis that Stea!ship did not need to seure a liense beause it &as

not en#a#ed in the insurane business. Also, *ioneer did not need to obtain a liense as insurane

a#ent