Article 650-2 of Commercial Act: Reinstatement of Insurance Contracts

Article 650-2 (Reinstatement of Insurance Contracts)  

Where an insurance contract is terminated under Article 650 (2), and no refund for termination is paid, a policyholder may demand a reinstatement of a contract by paying to the insurer delayed premiums, together with the agreed interest within a specified period. The provisions of Article 638-2 shall apply mutatis mutandis to this case.

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제650조의2(보험계약의 부활)
제650조 제2항에 따라 보험계약이 해지되고 해지환급금이 지급되지 아니한 경우에 보험계약자는 일정한 기간 내에 연체보험료에 약정이자를 붙여 보험자에게 지급하고 그 계약의 부활을 청구할 수 있다. 제638조의2의 규정은 이 경우에 준용한다

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