Article 1860. Adjustment of Terms in Case of Overinsurance

(1) If the sum insured exceeds the maximum possible loss under the insurance, either party shall be entitled to request a reduction of the sum insured and a corresponding reduction of premium for the remaining contract period, provided the insurer retains the fee relative to its management expenses.
(2) If the parties do not agree on such a reduction within one month of the request, either party shall be entitled to terminate the insurance.