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| Article 158 (Payment of Insurance Proceeds after Dissolution) |
| (1) | Where an insurance company is dissolved on any ground provided for in Article 137 (1) 2, 6 or 7, it shall pay out insurance proceeds only when the grounds for paying the insurance proceeds arise within three months from the date of dissolution. |
| (2) | After the period stipulated under paragraph (1) elapses, an insurance company shall refund the amount accumulated for the insured, or premiums for the period that has yet to elapse. |