(1) When a contract of insurance has been terminated in accordance with the provisions of Articles 649, 650, 651, and 652 through 655, and when the liability to pay the insured amount has been relieved in accordance with the provisions of Articles 659 and 660, an insurer shall pay to a policyholder the amount accumulated in favor of a beneficiary: Provided, That unless the contract provides otherwise, the same shall not apply where a peril insured against mentioned in Article 659 (1) has occurred due to the policyholder. <Amended by Act No. 4470, Dec. 31, 1991>
(2) Deleted. <by Act No. 4470, Dec. 31, 1991>