Article 1906. Conversion of the Contract

(1) Article 1849 shall not apply to contracts of life insurance which have attracted a conversion value or a surrender value. Such contracts shall be converted into paid-up policies unless the policyholder requires payment of the surrender value within 30 days after receiving the information referred to in para. (2).
(2) The insurer shall inform the policyholder of the conversion value and the surrender value within 30 days of the due date and request the policyholder to choose between conversion and the payment of the surrender value.
(3) The request for conversion or payment of the surrender value shall be in writing.