Exercise of the right to claim payment of the amount of insurance coverage, the right to claim return of premiums or reserves, or the right to claim payment of premiums shall be barred by expiration of statute of limitations, it not exercised for three years, for three years, or for two years, respectively. <Amended by Act No. 12397, Mar. 11, 2014>
Laws › Commercial Act › CHAPTER I COMMON PROVISIONS
Commercial Act — Article 662 (Statute of Limitations)
상법 제662조
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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