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Cap. 13 · Commercial Code (Cap. 13)

Cap. 13 Art. 428When sum insured is to be paid.

Sub-title III

In forceOfficial text

(1) If the time for payment is not stated in the contract, the insurer shall pay the sum insured four months after the notice of the abandonment.

(2) After the expiration of such time, the insurer shall also pay interest at the legal rate. The things abandoned shall be charged with the payment.