(1) When a policyholder, insured, or beneficiary becomes aware of the occurrence of a peril insured against, he/she shall without delay give a notice thereof to an insurer.
(2) If any loss caused by the policyholder, insured, or beneficiary increases due to his/her negligence of the duty to notify referred to in paragraph (1), the insurer shall not be liable for compensation for such increased loss. <Newly Inserted by Act No. 4470, Dec. 31, 1991>