Commercial Act — Article 725-2 (Several Liability Insurance)

Where several liability insurance contracts have been simultaneously or successively concluded, which are to compensate for losses sustained by the insured, who should pay damages to a third party for the same accident, if the total insured amount exceeds the amount of damages paid by the insured to the third party, the provisions of Articles 672 and 673 shall apply mutatis mutandis.[This Article Newly Inserted by Act No. 4470, Dec. 31, 1991]