If a peril insured against has been caused by bad faith or gross negligence of a consignor or consignee, no insurer shall be liable to compensate for losses caused by such event.
Laws › Commercial Act › SECTION 3 Transportation Insurance
Commercial Act — Article 692 (Bad Faith or Gross Negligence of Transportation Assistant and Insurer's Non-liability)
상법 제692조
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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