An insurer may effect a reinsurance contract with another insurer in regard to the liability it should bear due to the occurrence of a peril insured against. The reinsurance contract shall not affect the validity of the original insurance contract.
Laws › Commercial Act › CHAPTER I COMMON PROVISIONS
Commercial Act — Article 661 (Reinsurance)
상법 제661조
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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