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.

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References to other articles of chapter 48. Insurance:
Article 927. Voluntary and compulsory insurance.
Article 928. Interests whose insurance is not allowed.
Article 929. Property insurance contract.
Article 930. Property insurance.
Article 931. Insurance of liability for causing harm.
Article 932. Liability insurance under the contract.
Article 933. Insurance of business risk.
Article 934. The contract of personal insurance.
Article 935. Compulsory insurance.
Article 936. Implementation of compulsory insurance.
Article 937. Consequences of violation of the rules on compulsory insurance.
Article 938. Insurer.
Article 939. Fulfillment of obligations under an insurance contract by the insured and beneficiary.
Article 940. The form of the insurance contract.
Article 941. Insurance under the general policy.
Article 942. The essential terms of the insurance contract.
Article 943. The definition of the terms of the insurance contract in the rules of insurance.
Article 944. Information provided by the policyholder upon entry into the insurance contract.
Article 945. The right of the insurer to assess the insured risk.
Article 946. The secret of insurance.
Article 947. Sum Insured.
Article 948. Challenging the insurance value of the property.
Article 949. Incomplete property insurance.
Article 950. Additional property insurance.
Article 951. Consequences of insurance beyond the insured value.
Article 952. Property insurance against various insurance risks.
Article 953. Insurance.
Article 954. Insurance premium and insurance premiums.
Article 955. Replacement of the insured person.
Article 956. Replacement of the beneficiary.
Article 957. Commencement of the insurance contract.
Article 958. Early Termination of the Insurance Contract
Article 960. Transfer of rights to the insured property to another person.
Article 961. Notification of the insurer of the occurrence of the insured event.
Article 962. Reduction of losses from the insured event.
Article 963. Consequences of the insured event due to the fault of the insured, beneficiary or insured person.
Article 964. Grounds for exemption of the insurer from the payment of insurance compensation and the sum insured.
Article 965. Transfer to the insurer of the rights of the policyholder for damages (subrogation).
Article 966. Limitation of actions on claims related to property insurance.
Article 967. Reinsurance.
Article 968. Mutual insurance.
Article 969. Mandatory state insurance.
Article 970. Application of general rules on insurance to special types of insurance.