Upon occurrence of a peril insured concerning the death, life, or death and life of the insured, the insurer of a life insurance contract shall be responsible for the payment of the contracted amount of insurance coverage. <Amended by Act No. 12397, Mar. 11, 2014>
Laws › Commercial Act › SECTION 2 Life Insurance
Commercial Act — Article 730 (Responsibility of Life Insurers)
상법 제730조
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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