Article 638-3 of the Commercial Act: Obligation to Deliver and Explain Terms and Conditions of Insurance Contract

Article 638-3(Obligation to Deliver and Explain Terms and Conditions of Insurance Contract)

(1) When an insurer enters into an insurance contract, it shall deliver the terms and conditions of the insurance contract to a policyholder, and explain important contents of terms and conditions.

(2) If the insurer violates paragraph (1), the policyholder may cancel the contract within three months from the date the insurance contract is formed.

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제638조의3(보험약관의 교부ㆍ설명 의무)

① 보험자는 보험계약을 체결할 때에 보험계약자에게 보험약관을 교부하고 그 약관의 중요한 내용을 설명하여야 한다.

② 보험자가 제1항을 위반한 경우 보험계약자는 보험계약이 성립한 날부터 3개월 이내에 그 계약을 취소할 수 있다.

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