(1) If a peril insured against has occurred due to bad faith or gross negligence of a policyholder, the insured or beneficiary, the insurer is not liable to pay the insured amount.
(2) Deleted. <by Act No. 4470, Dec. 31, 1991>
Laws › Commercial Act › CHAPTER I COMMON PROVISIONS
Commercial Act — Article 659 (Grounds for Exclusion of Liability)
상법 제659조
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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