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Commercial Act — Article 666 (Non-Life Insurance Policy)

상법 제666조

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.

The following matters shall be entered in a non-life insurance policy, and an insurer shall write its name and affix its seal, or affix its signature, thereon: <Amended by Act No. 4470, Dec. 31, 1991; Act No. 12397, Mar. 11, 2014>

1. The subject matter insured;

2. The nature of the peril insured against;

3. The insured amount;

4. The insurance premium and the method for their payment;

5. The timing for commencement and termination of the period of coverage, if there is an agreement thereupon;

6. The grounds for nullification of a contract and forfeiture of rights thereunder;

7. The domicile and full name or trade name of a policyholder;7-2. The address, name or trade name of the insured;

8. The date of a contract of insurance;

9. The place in, and the date on, which the insurance policy was made.

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