ENFORCEMENT DECREE OF THE ACT ON THE INDEMNIFICATION FOR FIRE-CAUSED LOSS AND THE PURCHASE OF INSURANCE POLICIES
Presidential Decree No. 6670, May 11, 1973
Amended by Presidential Decree No. 7466, Dec. 31, 1974
Presidential Decree No. 11208, Aug. 18, 1983
Presidential Decree No. 13459, Sep. 3, 1991
Presidential Decree No. 14438, Dec. 23, 1994
Presidential Decree No. 14495, Dec. 31, 1994
Presidential Decree No. 15392, jun. 13, 1997
Presidential Decree No. 15761, Apr. 1, 1998
Presidential Decree No. 16323, May 24, 1999
Presidential Decree No. 16466, Jul. 6, 1999
Presidential Decree No. 17058, Dec. 30, 2000
Presidential Decree No. 17296, Jul. 7, 2001
Presidential Decree No. 17792, Dec. 5, 2002
Presidential Decree No. 18039, jun. 30, 2003
Presidential Decree No. 18146, Nov. 29, 2003
Presidential Decree No. 20653, Feb. 29, 2008
Presidential Decree No. 21641, Jul. 27, 2009
Presidential Decree No. 21676, Aug. 6, 2009
Presidential Decree No. 22517, Dec. 7, 2010
Presidential Decree No. 23570, Jan. 31, 2012
Presidential Decree No. 25448, Jul. 7, 2014
Presidential Decree No. 27444, Aug. 11, 2016
Presidential Decree No. 27445, Aug. 11, 2016
Presidential Decree No. 28385, Oct. 17, 2017
| Article 2 (Special Buildings) |
| (1) | "Buildings prescribed by Presidential Decree" in subparagraph 3 of Article 2 of the Act on the Indemnification for Fire-Caused Loss and the Purchase of Insurance Policies (hereinafter referred to as the "Act") shall mean any of the following buildings: <Amended by Presidential Decree No. 15392, Jun. 13, 1997; Presidential Decree No. 15761, Apr. 1, 1998; Presidential Decree No. 16323, May 24, 1999; Presidential Decree No. 17296, Jul. 7, 2001; Presidential Decree No. 17792, Dec. 5, 2002; Presidential Decree No. 18039, Jun. 30, 2003; Presidential Decree No. 18146, Nov. 29, 2003; Presidential Decree No. 20653, Feb. 29, 2008; Presidential Decree No. 21641, Jul. 27, 2009; Presidential Decree No. 21676, Aug. 6, 2009; Presidential Decree No. 22517, Dec. 7, 2010; Presidential Decree No. 23570, Jan. 31, 2012; Presidential Decree No. 25448, Jul. 7, 2014; Presidential Decree No. 27444 & 27445, Aug. 11, 2016; Presidential Decree No. 28385, Oct. 17, 2017> |
| 1. | A building with a total floor area of at least 1,000 square meters and its appurtenant buildings used for the same purpose, among immovable property prescribed in Article 5 (1) 1 of the State Property Act: Provided, That buildings used as the presidential residence and special-purpose buildings and designated by the Financial Services Commission shall be excluded herefrom; |
| 1-2. | A building with a total floor area of at least 1,000 square meters and its appurtenant buildings used for the same purpose, among immovable property prescribed in Article 4 (1) 1 of the Public Property and Commodity Management Act: Provided, That excluded herefrom shall be buildings owned by a local government which has entered into a mutual aid agreement to provide indemnity equivalent to the amount covered by fire insurance with a special agreement, among mutual aid agreements provided by the Korea Local Finance Association under the Korea Local Finance Association Act (hereinafter referred to as "Korea Local Finance Association") or the Education Facility Disaster Association; |
| 7. | A building used for broadcasting business prescribed in subparagraph 2 of Article 2 of the Broadcasting Act, with a total floor area of at least 3,000 square meters; |
| 9. | A building used as an agricultural and fisheries products wholesale market or a private agricultural and fisheries products wholesale market under subparagraphs 2 and 6 of Article 2 of the Act on Distribution and Price Stabilization of Agricultural and Fishery Products, with a total floor area of at least 3,000 square meters: Provided, That excluded herefrom shall be a building owned by a local government or local public enterprise which has entered into mutual aid agreements with the Korea Local Finance Association to provide indemnity equivalent to the amount covered by fire insurance with a special agreement; |
| 10. | A building used for the following business with a total floor area of at least 2,000 square meters: |
| 11. | A building used as a school under Article 2 of the Elementary and Secondary School Act and Article 2 of the Higher Education Act, with a total floor area of at least 3,000 square meters: Provided, That excluded herefrom shall be a building covered by mutual aid agreements of the Education Facility Disaster Association to provide indemnity equivalent to the amount covered by fire insurance with a special agreement; |
| 14. | A building of at least eleven stories: Provided, That excluded herefrom shall be apartment buildings (excluding apartment buildings provided for in subparagraph 12), warehouses, multi-story car parking buildings, and buildings owned by a local government or local public enterprise which has entered into mutual aid agreements with the Korea Local Finance Association to provide indemnity equivalent to the amount covered by fire insurance with a special agreement; |
| 17. | A station or station facilities used as a station or station facilities of urban railroads under subparagraph 3 (a) of Article 2 of the Urban Railroad Act, with a total floor area of at least 3,000 square meters: Provided, that excluded herefrom shall be stations and station facilities possessed by a local government or local public enterprise which has entered into a mutual aid agreement to provide indemnity equivalent to the amount covered by fire insurance with a special agreement, among mutual aid agreements provided by the Korea Local Finance Association; |
| (2) | The number of stories of the buildings referred to in paragraph (1) 12 and 14 shall be calculated according to the method provided for in Article 119 (1) 9 of the Enforcement Decree of the Building Act. However, a rooftop staircase clearly intended to be used as stairs or a water tank on the roof of a building shall not be included in the number of stories and basements shall not be considered as stories. <Amended by Presidential Decree No. 7466, Dec. 31, 1974; Presidential Decree No. 13459, Sep. 3, 1991; Presidential Decree No. 15392, Jun. 13, 1997; Presidential Decree No. 17792, Dec. 5, 2002; Presidential Decree No. 28385, Oct. 17, 2017> |
| Article 3 (Basic Date of Purchase of Insurance Policies) |
"Date prescribed by Presidential Decree" in Article 5 (4) 3 of the Act means the day on which the owner of a building (including occupiers if the owner of a building is not the occupier thereof, and including managers, etc. if responsibility for and authority over the management of a building is vested by the owner or occupier based on contracts: hereinafter referred to as "person related to special buildings") is notified by the Korean Fire Protection Association prescribed in Article 11 of the Act (hereinafter referred to as the "Association") pursuant to Article 12 (1) 1 after the building becomes a special building: Provided, That where any objection is raised under Article 12-2 (1), it means the date on which a person related to special buildings is notified by the Association of the results of its verification that the relevant building is a special building pursuant to paragraph (2) of the same Article. [This Article Wholly Amended by Presidential Decree No. 28385, Oct. 17, 2017]
| Article 4 (Special Cases) |
A building for military use referred to in subparagraph 4 of Article 6 of the Act shall mean a building managed by the Minister of National Defense or the Commissioner of the Military Manpower Administration other than any of the following: <Amended by Presidential Decree No. 28385, Oct. 17, 2017> | 1. | A building of at least three stories, designated by the Minister of National Defense; |
| 2. | A building used for clinics and wards of a combined military hospital; |
| 3. | Collective housing for military personnel. |
| Article 5 (Insured Amounts) |
| (1) | The amounts insured by insurance policies the owners of special buildings must purchase pursuant to Article 8 (1) 2 of the Act shall comply with the following standards: |
| 1. | In cases of death: The amount of damage sustained by victims within the scope of 150 million won per victim: Provided, That where the amount of damage is less than 20 million won, 20 million won; |
| 2. | In cases of injury: The amount of damage sustained by victims within the scope of the amounts prescribed in attached Table 1 per victim; |
| 3. | In cases of physical disabilities caused by injury under the circumstance that injury is no longer treatable and the symptom has become chronic after the treatment of injury is completed (hereinafter referred to as "sequela"): The amount of damage sustained by victims within the scope of the amounts prescribed in attached Table 2 per victim; |
| 4. | In cases of property damage: The amount of damage sustained by victims within the scope of one billion won per case. |
| (2) | Where a person falls under at least two of paragraph (1) 1 through 3 in one accident, insurance money shall be paid according to the following categories: |
| 1. | Where an injured victim dies because of the injury during treatment: The sum of the amount prescribed in paragraph (1) 1 and the amount prescribed in the subparagraph 2 of the same paragraph for each victim; |
| 2. | Where an injured victim suffers from a sequela: The sum of the amount prescribed in paragraph (1) 2 and the amount prescribed in subparagraph 3 of the same paragraph for each victim; |
| 3. | In cases of death caused by injury after the amount prescribed in paragraph (1) 3 is paid: The amount per victim calculated by subtracting from the amount prescribed in paragraph (1) 1, the amount after subtracting the amount of damage corresponding to the days following the date of death from the amount prescribed in subparagraph 3 of the same paragraph. |
| (3) | The scope of the amounts of damage referred to in the subparagraphs of paragraph (1) shall be prescribed by Ordinance of the Prime Minister. |
[This Article Wholly Amended by Presidential Decree No. 28385, Oct. 17, 2017]
| Article 6 (Procedures for Claiming Payment of Insurance Money) |
| (1) | Any person who intends to claim the payment of the insured amount pursuant to Article 9 of the Act (hereinafter referred to as "claimant") shall submit to a non-life insurance company a written claim that includes the following matters: <Amended by Presidential Decree No. 28385, Oct. 17, 2017> |
| 1. | Address and name of the claimant; |
| 2. | Where the insured amount is claimed after the insured person dies, the relationship between the claimant and the deceased person; |
| 3. | Address and name of the victim and the policy holder; |
| 4. | When, where, and how the accident occurred; |
| 5. | The amount claimed and the basis of calculation therefor. |
| (2) | The written claim provided for in paragraph (1) shall be accompanied by the following documents: <Amended by Presidential Decree No. 28385, Oct. 17, 2017> |
| 1. | Medical certificates or death certificates; |
| 2. | Documents verifying the matters provided for in paragraphs (1) 2 through 4; |
| 3. | Documentary evidence of the basis of calculation under paragraph (1) 5. |
| Article 7 (Hearing of Opinions on Payment of the Insured Amount) |
Where a non-life insurance company intends to pay an insured amount pursuant to Article 6, it shall hear the opinions of the relevant policyholder. <Amended by Presidential Decree No. 28385, Oct. 17, 2017>
| Article 8 (Payment of the Insured Amount) |
| (1) | Where a non-life insurance company receives a claim to pay insurance money, it shall pay the relevant insurance money without delay except in extenuating circumstances. <Amended by Presidential Decree No. 28385, Oct. 17, 2017> |
| (2) | Where a non-life insurance company pays insurance money pursuant to paragraph (1), it shall notify the policyholder of the following matters without delay: <Amended by Presidential Decree No. 28385, Oct. 17, 2017> |
| 1. | Name and address of the claimant and the beneficiary of the amount insured; |
| 2. | The amount claimed and the amount paid; |
| 3. | Name and address of the victim. |
| Article 9 (Application for Permission for Establishment) |
Where non-life insurance companies intend to obtain permission for the establishment of the Association, they shall submit an application for permission to the Financial Services Commission along with the following documents: <Amended by Presidential Decree No. 14438, Dec. 23, 1994; Presidential Decree No. 16323, May 24, 1999; Presidential Decree No. 20653, Feb. 29, 2008; Presidential Decree No. 28385, Oct. 17, 2017>
| 1. | The Association's articles of incorporation; |
| 3. | Minutes of the inaugural general meeting. |
| Article 10 (Contribution of Membership Fees, etc.) |
| (1) | Every non-life insurance company shall contribute the following amounts to the Association pursuant to Article 14 of the Act: <Amended by Presidential Decree No. 28385, Oct. 17, 2017> |
| 2. | An amount equivalent to the costs incurred for fire prevention activities, etc. the Association conducts for the reduction, etc. of insurance accidents of non-life insurance companies within the scope of 2/1000 of the total amount of revenue of all non-life insurance companies from insurance premiums. |
| (2) | Deleted. <by Presidential Decree No. 28385, Oct. 17, 2017> |
| (3) | The criteria for calculating amounts to be contributed by non-life insurance companies to the Association pursuant to paragraph (1) (hereinafter referred to as "membership fee") and the timing for contribution shall be prescribed by Ordinance of the Prime Minister. <Amended by Presidential Decree No. 15392, Jun. 13, 1997; Presidential Decree No. 16466, Jul. 6, 1999; Presidential Decree No. 20653, Feb. 29, 2008; Presidential Decree No. 28385, Oct. 17, 2017> |
| (4) | If necessary for the operation of the Association, it may request non-life insurance companies to pay the membership fees in advance as prescribed by the articles of incorporation. <Amended by Presidential Decree No. 16466, Jul. 6, 1999; Presidential Decree No. 28385, Oct. 17, 2017> |
| (5) | Deleted. <by Presidential Decree No. 16466, Jul. 6, 1999> |
| Article 11 (Borrowing of Funds) |
The Association may borrow funds necessary for its operation as prescribed by the articles of incorporation. <Amended by Presidential Decree No. 14438, Dec. 23, 1994; Presidential Decree No. 15761, Apr. 1, 1998; Presidential Decree No. 16466, Jul. 6, 1999; Presidential Decree No. 28385, Oct. 17, 2017>
| Article 12 (Safety Inspections) |
| (1) | Where the Association intends to conduct a safety inspection prescribed in Article 16 (1) and (2) of the Act (hereinafter referred to as "safety inspection"), it shall notify at least one of the persons related to the special building of the matters in the following categories: Provided, That notwithstanding the following, where requested by persons related to special buildings, the period of notification may be shortened: <Amended by Presidential Decree No. 28385, Oct. 17, 2017> |
| 1. | Where falling under Article 5 (4) 3 of the Act and conducting the first safety inspection after the relevant building becomes special buildings: Notification of the fact that the relevant building is a special building and the date of safety inspection 15 days prior to safety inspection; |
| 2. | Cases other than those that fall under subparagraph 1: Notification of the date of safety inspection, etc. 48 hours prior to safety inspection. |
| (2) | Where the Association gives a notice prescribed in paragraph (1) 1, it shall send a document stating the details of the notice (hereafter referred to as "written notice" in this paragraph) to persons related to special buildings by means of mail or issuance. In such cases, where a person who is related to a special building but is not the owner of the special building receives a written notice, he/she shall forward the written notice to the owner of the special building without delay. <Newly Inserted by Presidential Decree No. 28385, Oct. 17, 2017> |
| (3) | Any person who conducts a safety inspection shall carry a certificate indicating his/her competence and present it to persons related to special buildings. <Amended by Presidential Decree No. 28385, Oct. 17, 2017> |
| (4) | No person who conducts a safety inspection shall impede the business of persons related to special buildings or divulge to any other person any secret that he/she may become aware of in relation to the duties for inspection. <Amended by Presidential Decree No. 28385, Oct. 17, 2017> |
| (5) | No safety inspection shall be conducted before sunrise or after sunset without the consent of persons related to special buildings. <Amended by Presidential Decree No. 28385, Oct. 17, 2017> |
| (6) | Where the Association has completed a safety inspection, it shall inform the head of the Si/Gun/Gu (referring to the heads of autonomous Gus) in which the relevant special building is located or the head of the fire station of the results thereof within ten days. <Amended by Presidential Decree No. 15392, Jun. 13, 1997; Presidential Decree No. 28385, Oct. 17, 2017> |
| (7) | If necessary to ascertain the current status of the special building for which it must conduct a safety inspection, the Association may request the heads of the relevant administrative agencies and the head of the local government to provide materials prescribed by Ordinance of the Prime Minister. <Newly Inserted by Presidential Decree No. 28385, Oct. 17, 2017> |
| Article 12-2 (Raising Objections) |
| (1) | Where a person related to a special building has an objection to the fact that the relevant building is a special building among the matters notified pursuant to Article 12 (1) 1, he/she may raise the objection in writing to the Association within 15 days from the date on which he/she receives such notice. |
| (2) | The Association shall notify persons who raise objections of the results of its verification of whether the relevant buildings are special buildings and the date of new safety inspection within 15 days from the date on which it receives objections prescribed in paragraph (1): Provided, That where informing of results within 15 days is not possible due to unavoidable causes, it may extend such period only once by up to 15 days after notifying the persons who raised the objections of the grounds for the extension. |
[This Article Newly Inserted by Presidential Decree No. 28385, Oct. 17, 2017]
| Article 13 (Exemption from Safety Inspections) |
A special building falling under any of the subparagraphs of Article 16 (1) of the Act pursuant to the proviso to Article 16 (1) of the Act shall be exempt from a safety inspection to be conducted in the year following the year when the last safety inspection has been conducted: Provided, That the same shall not apply where a fire occurs after the last safety inspection has been conducted or where the purpose of use of a building has been changed. <Amended by Presidential Decree No. 28385, Oct. 17, 2017> [This Article Newly Inserted by Presidential Decree No. 22517, Dec. 7, 2010]
ADDENDA
| (1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
| (2) | (Transitional Measures) The first-year membership fees to be contributed to the Association by non-life insurance companies under Article 10 shall be 7/100 of the revenues accruing from the fire insurance premiums to be received from May 1, 1973 to December 31, 1973. |
ADDENDA <Presidential Decree No. 7466, Dec. 31, 1974>
| (1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
| (2) | (Applicability) Membership fees to be contributed under Article 10 shall be calculated on the basis of the insurance premiums to be received on or after January 1, 1975. |
| (3) | (Transitional Measures) The owner of a special building who is newly added pursuant to Article 2 (1) 11 and 12 and Article 3 shall undergo the safety inspection conducted from July 1, 1975 to December 31, 1975 by the Association, and shall enter into the fire insurance-cum-special agreement. |
ADDENDA <Presidential Decree No. 11208, Aug. 18, 1983>
| (1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
| (2) | (Transitional Measures) Insurance policies purchased before this Act enters into force shall be governed by the former provisions. |
ADDENDA <Presidential Decree No. 13459, Sep. 3, 1991>
| (1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
| (2) | (Transitional Measures) Insurance policies purchased before this Act enters into force shall be governed by the former provisions: Provided, That with regard to any building exempted from the purchase of a compulsory fire insurance policy pursuant to the amendment to Article 2, the insurance policy for such building purchased before this Decree enters into force shall be deemed to have been voluntarily purchased. |
ADDENDA <Presidential Decree No. 14438, Dec. 23, 1994>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 14495, Dec. 31, 1994>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No. 15392, Jun. 13, 1997>
| (1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation: Provided, That the amendment to Article 3 shall enter into force six months after the enforcement of this Decree. |
| (2) | (Transitional Measures concerning Existing Policyholders) The insurance policies (in cases of a long-term insurance policy purchased by the owner of a building exempted from the compulsory fire insurance pursuant to the amended provisions of Article 2 and that allows the payment of premiums in installments, limited to the portion of the insurance policy that corresponds to the premiums paid before this Decree enters into force) purchased before this Decree enters into force shall be governed by the former provisions: Provided, That the amended provisions of Article 5 and attached Tables 1 and 2 shall apply to the amount of insurance that covers the accident that occurred on or after the date when this Decree enters into force. |
| (3) | (Transitional Measures concerning Special Buildings Newly Subject to Application) The owner of a special building pursuant to the amended provisions of Article 3 shall undergo a safety inspection conducted by the Association and enter into the fire insurance-cum-special agreement within six months after the enforcement date of this Decree under the proviso to Article 1 of this Addenda. |
ADDENDA <Presidential Decree No. 15761, Apr. 1, 1998>
| (1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
ADDENDA <Presidential Decree No. 16323, May 24, 1999>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.
ADDENDUM <Presidential Decree No. 16466, Jul. 6, 1999>
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 17058, Dec. 30, 2000>
| (1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
| (2) | (Applicability to Payment of Amount of Insurance) The amended provisions of Article 5 (1) 1 and attached Tables 1 and 2 shall apply to the amount of insurance that covers the first accident that occurred on or after the date when this Decree enters into force. |
ADDENDA <Presidential Decree No. 17296, Jul. 7, 2001>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 8, 2001.
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No. 17792, Dec. 5, 2002>
| (1) | (Enforcement Date) This Decree shall enter into force on the date of its promulgation. |
| (2) | (Applicability to Purchase of Insurance Policy) The owner of a building which is classified as a special building pursuant to the amended provisions of each subparagraph of Article 2 (1) shall purchase an insurance policy under subparagraph 2 of Article 2 of the Act within six months after this Decree enters into force. |
| (3) | (Transitional Measures concerning Existing Insurance Policy) The insurance policy purchased under subparagraph 2 of Article 2 of the Act as at the time this Decree enters into force shall be governed by the former provisions. |
ADDENDA <Presidential Decree No. 18039, Jun. 30, 2003>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 1, 2003.
Articles 2 through 6 Omitted.
ADDENDA <Presidential Decree No. 18146, Nov. 29, 2003>
Article 1 (Enforcement Date)
This Decree shall enter into force on November 30, 2003. (Proviso Omitted.)
Articles 2 through 15 Omitted.
ADDENDA <Presidential Decree No. 20653, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation: Provided, That among the Presidential Decrees amended under Article 2 of this Addenda, amendments to a Presidential Decree, which was promulgated before this Decree enters into force but the date it enters into force has yet to arrive, shall enter into force on the enforcement date of the relevant Presidential Decree.
Article 2 Omitted.
ADDENDA <Presidential Decree No. 21641, Jul. 27, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 31, 2009. (Proviso Omitted.)
Articles 2 through 15 Omitted.
ADDENDA <Presidential Decree No. 21676, Aug. 6, 2009>
Article 1 (Enforcement Date)
This Decree shall enter into force on August 7, 2009. (Proviso Omitted.)
Articles 2 through 5 Omitted.
ADDENDA <Presidential Decree No. 22517, Dec. 7, 2010>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2011.
Article 2 (Transitional Measures concerning Purchase of Insurance Policies)
In accordance with the amended provisions of Article 2 (1) 1-2, 10, and 15 through 18, owners of buildings that are special buildings shall purchase fire insurance policies with a special agreement for indemnification for physical damages within three months after this Decree enters into force.
ADDENDA <Presidential Decree No. 23570, Jan. 31, 2012>
Article 1 (Enforcement Date)
This Decree shall enter into force on Feb. 5, 2012. (Proviso Omitted.)
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 25448, Jul. 7, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on July 8, 2014.
Articles 2 through 4 Omitted.
ADDENDA <Presidential Decree No. 27444, Aug. 11, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on August 12, 2016.
Articles 2 through 8 Omitted.
ADDENDA <Presidential Decree No. 27445, Aug. 11, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on August 12, 2016.
Articles 2 through 22 Omitted.
ADDENDA <Presidential Decree No. 28385, Oct. 17, 2017>
Article 1 (Enforcement Date)
This Decree shall enter into force on October 19, 2017.
Article 2 (Transitional Measures concerning Insured Amounts)
Notwithstanding the amended provisions of Article 5, and attached Tables 1 and 2, the insured amounts of fire insurance with a special agreement concluded before this Decree enters into force shall be governed by the former provisions.