An insurer shall pay the insured amount to the insured or beneficiary, if there is an agreed period for such payment, within the agreed period, or if not, within ten days of the determination of the insured amount payable without delay, upon receipt of notification under Article 657 (1).[This Article Wholly Amended by Act No. 4470, Dec. 31, 1991]
Laws › Commercial Act › CHAPTER I COMMON PROVISIONS
Commercial Act — Article 658 (Payment of Insured Amount)
상법 제658조
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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