Article 647 of Commercial Act: Requests for Reduction of Premium upon Cessation of Certain Risks

Article 647 (Requests for Reduction of Premium upon Cessation of Certain Risks)

Where the parties to an insurance contract have agreed on an insurance premium in consideration of certain risks, if such risks have ceased to exist during the period of coverage, a policyholder may request reduction of the premium thereafter.


THE High-quality & Good Contents



[Original]

제647조(특별위험의 소멸로 인한 보험료의 감액청구)

보험계약의 당사자가 특별한 위험을 예기하여 보험료의 액을 정한 경우에 보험기간 중 그 예기한 위험이 소멸한 때에는 보험계약자는 그 후의 보험료의 감액을 청구할 수 있다.


THE 수준 높고 좋은 글

[Attorney's Notes] The premium amount for insurance depends on the risks covered. if certain risks have ceased to exist during the period of coverage, a policyholder is entitled to request reduction of the premium amount since then.

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