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.
Laws › Commercial Act › CHAPTER I COMMON PROVISIONS
Commercial Act — Article 644 (Legal Effects of Preexisting Perils Insured against)
상법 제644조
This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.
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