Article 959. Consequences of an increase in insurance risk during the term of the insurance contract.
1. During the validity period of the property insurance contract, the policyholder (beneficiary) shall immediately inform the insurer about significant changes in the circumstances that have become known to him that were communicated to the insurer at the time of entering into the contract if these changes may significantly affect the increase in insured risk. Significant, in any case, are the changes stipulated in the insurance contract (insurance policy) and in the insurance rules transferred to the policyholder. 2. The insurer notified of the circumstances entailing an increase in the insured risk is entitled to request changes in the terms of the insurance contract or payment of an additional insurance premium commensurate with the increase in risk. If the policyholder (beneficiary) objects to changing the terms of the insurance contract or the insurance premium surcharge, the insurer has the right to demand termination of the contract in accordance with the rules provided for by Chapter 29 of this Code. 3. If the insurer or beneficiary fails to fulfill the obligations provided for in paragraph 1 of this article, the insurer shall have the right to demand termination of the insurance contract and compensation for losses caused by termination of the contract (paragraph 45 of article 453). 4. The insurer shall not have the right to demand termination of the insurance contract if the circumstances entailing an increase in the insured risk have already disappeared. 5. In the case of personal insurance, the consequences of a change in insurance risk during the term of the insurance contract specified in clauses 2 and 3 of this article can occur only if they are expressly provided for in the contract.
References to other articles of chapter 48. Insurance: