Article 644 of Commercial Act: Legal Effects of Preexisting Perils Insured against

Article 644 (Legal Effects of Preexisting Perils Insured against)

If, as at the time of concluding an insurance contract, a peril insured against has already occurred or will never occur, such contract shall be null and void: Provided, That this shall not apply when both parties and the insured are not aware of it.


THE High-quality & Good Contents



[Original]

제644조(보험사고의 객관적 확정의 효과)

보험계약 당시에 보험사고가 이미 발생하였거나 또는 발생할 수 없는 것인 때에는 그 계약은 무효로 한다. 그러나 당사자 쌍방과 피보험자가 이를 알지 못한 때에는 그러하지 아니하다.


THE 수준 높고 좋은 글

[Attorney's Notes] A peril insured against must be caused  by fortuitous event. A fortuitous event can be explained as an event which so far as the parties to the contract are aware, is dependent on a happening by chance or accident.

Comments

Popular posts from this blog

An insurance contract conclusion as explained by the insurance planner, and judgment of death benefit

People extinguished by Thanos receive death insurance benefits?

Preface to the 3rd Edition of the Insurance Law