(1) The policyholder may at any time require the insurer in writing to pay, in part or in full, the surrender value which the policy has attracted, provided that this does not take effect earlier than 1 year after the conclusion of the contract. The…
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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…
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Article 1905. Intentional Killing of the Person at Risk
(1) When a beneficiary kills the person at risk intentionally his designation as a beneficiary shall be deemed to be revoked. (2) An assignment of the claim to the insurance money shall be without effect if the assignee kills the person at risk intentionally. (3)…
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Article 1904. Suicide
(1) If, within 2 years after the conclusion of the contract or its last amendment for the increase of the insured amount, the person at risk commits suicide, the insurer shall be discharged from its liability to pay the insurance money. If so, the insurer…
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Article 1903. Insurer’s Investigation and Information Duty
(1) An insurer which has reason to believe that the insured event may have occurred shall take reasonable steps to ascertain this. (2) The insurer, knowing that the insured event has occurred, shall make best efforts in the circumstances to discover the identity and address…
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Article 1902. Alteration of Terms and Conditions
(1) A clause which allows the insurer to alter the terms or conditions other than the premium and benefits payable shall be invalid, unless the alteration is required to: a) comply with an amendment of supervisory law including binding measures taken by the supervisory authority;…
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Article 1901. Adjustment of Premium and Benefits Payable
(1) In a life insurance contract covering risks for which the insurer is certain to be liable, the insurer shall only be entitled to an adjustment in accordance with paras. (2) and (3). (2) An increase of premium shall be permissible where there has been…
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Article 1900. Aggravation of Risk
In a life insurance contract, a clause specifying age or deterioration in health as aggravations of risk within the meaning of 1843 para. (1) shall be regarded as an unfair term under this code.
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Article 1899. Insurer’s Post-Contractual Information Duties
(1) Where applicable, the insurer shall provide the policyholder annually with a written statement of the current value of the bonuses attached to the policy. (2) The insurer shall inform the policyholder without undue delay about any change concerning: a) the policy conditions, both general…
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Article 1898. Insurer’s Right to Terminate the Insurance
The insurer shall be entitled to terminate a life insurance only to the extent permitted by this Chapter.