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Cap. 13 · Commercial Code (Cap. 13)

Cap. 13 Art. 407Return of premium in case of nullity of contract,

Sub-title II

En vigueurTexte officiel

In case of total or partial nullity of the contract of insurance, the insurer shall, provided the assured has acted in good faith, return the premium or, as the case may be, such proportionate part thereof as corresponds to the amount received by him in respect of risks which did not attach, deducting one-half per or one-half of the premium as provided in article 386. centum,