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Commercial Act — Article 685 (Fire Insurance Policy)

상법 제685조

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, in addition to matters listed in Article 666, shall be entered into a fire insurance policy:

1. If a building is the subject matter insured, the location, structure, and purpose of the building;

2. If movables are the subject matter insured, the condition and purpose of the place where they exist;

3. The insurable value, if determined.

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