Article 651-2 of Commercial Act: Effects of Questions in Writing

Article 651-2 (Effects of Questions in Writing)  
 
Any fact about which the insurer asks in writing shall be presumed to be material.


THE High-quality & Good Contents



[Original]

제651조의2(서면에 의한 질문의 효력)

보험자가 서면으로 질문한 사항은 중요한 사항으로 추정한다.


THE 수준 높고 좋은 글

[Attorney's Notes] If he/she fails to comply with the duty of disclosure about facts which insurer asks in writing, it may be entitled to reduce it's liability under the contract in respect of a claim or may terminate the contract. If his/her non-disclosure is fraudulent, the insurer may also have the option of cancelling the contract from it's beginning.

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