Any insurer of a contract of non-life insurance is liable to compensate the insured for losses against his/her property caused by the occurrence of a peril insured against.
Laws › Commercial Act › SECTION 1 Common Provisions
Commercial Act — Article 665 (Liability of Non-Life Insurers)
상법 제665조
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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