(1) If the whole or part of the subject matter of chonsegwon is destroyed by some cause attributable to the person having chonsegwon, he or she is liable to compensate the settlor of chonsegwon.
(2) In the case of the preceding paragraph, the settlor of chonsegwon shall have the right to apply the deposit money as compensation for the loss, and if there is any surplus, he shall return it to the person having chonsegwon. If it is insufficient, the settlor may make a demand for the balance.