Duty of Fair Presentation after the Enactment of the Insurance Act 2015: The Case of Korea and China

Tae-Kun Ahn, S. Kim, Tian Peng
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Abstract

Purpose – The purpose of this paper is to analyze the reformed duty of fair presentation provisions and related caselaw of the Insurance Act 2015 to gain a clearer understanding of the differences between the Act and the preceding legislation.

Design/methodology – The authors analyzed caselaw from South Korea and China that involved breaches of the duty of disclosure. Cases highlighting differences between the duties of disclosure and fair presentation were selected.

Findings – Changes in the practice of marine insurance laws are expected from the application of the reformed duty of presentation provisions. In particular, the rights of the insured are expected to increase, resulting in the fairer conduct of insurance contracts. Due to the fact that the Insurance Act 2015 has only recently taken effect, the provisions of existing caselaw have not yet been applied. This has limited the authors’ scope of analysis.

Originality/value – This paper describes the implications of the duty of fair presentation by analyzing caselaw from South Korea and China that involves the duty of disclosure. To the best of the authors’ knowledge, this is the first paper that investigates the reformed duty of fair presentation provisions of the Insurance Act 2015 in the context of the legislation’s implications for trade practices.
2015年《保险法》制定后的公平提示义务:以韩国和中国为例
目的-本文的目的是分析2015年保险法改革后的公平列报义务条款和相关判例法,以更清楚地了解该法案与之前立法的差异。设计/方法-作者分析了韩国和中国涉及违反披露义务的案例法。选择了突出披露义务和公平列报义务之间差异的案例。调查结果-预计海上保险法的实践将因实施改革后的提示义务规定而发生变化。特别是,被保险人的权利有望增加,从而使保险合同的行为更加公平。由于《2015年保险法》最近才生效,现有判例法的规定尚未适用。这限制了作者的分析范围。原创性/价值-本文通过分析韩国和中国涉及披露义务的判例法,描述了公平陈述义务的含义。据作者所知,这是第一篇在《2015年保险法》对贸易实践影响的背景下调查改革后的公平列报义务条款的论文。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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