Any insurer of a contract of liability insurance shall be liable to compensate for losses incurred by the insured against a third party by perils insured against during the period of coverage.
Laws › Commercial Act › SECTION 5 Liability Insurance
Commercial Act — Article 719 (Liability of Liability Insurers)
상법 제719조
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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