Any insurer shall be bound to compensate for extraordinary expenses incurred in relation to the safety or preservation of the subject matter insured within the limit of the insured amount.[This Article Newly Inserted by Act No. 4470, Dec. 31, 1991]
Laws › Commercial Act › SECTION 4 Marine Insurance
Commercial Act — Article 694-3 (Compensation for Special Expenses)
상법 제694조의3
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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