Insurance Law of the People's Republic of China (Adopted at the 14th Session of the Standing Committee of the Eighth National People's Congress on June 30, 1995, and promulgated by Order No. 51 of the President of the People's Republic of China on June 30, 1995)
Insurance Law of the People's Republic of China (Adopted at the 14th Session of the Standing Committee of the Eighth National People's Congress on June 30, 1995, and promulgated by Order No. 51 of the President of the People's Republic of China on June 30, 1995)
Chapter II - Insurance Contract
Section 2 - Property Insurance Contract
Article 36
If, within the validity period of a contract, the degree of danger of the subject-matter insured increases, the insured shall timely notify the insurer as contracted, the insurer shall have the right to demand for increase in the insurance premium or to terminate the contract. Where the insured fails to execute the notification responsibility provided in the preceding paragraph, and an insurance accident thereby occurs due to the increase in the degree of danger of the subject-matter insured, the insurer will not bear the liability for indemnity.
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