Article 951. Effect of insurance in excess of insurance value

1. If the insurance amount specified in the property or business risk insurance agreement exceeds the insurance value, the contract is null and void insofar as the insurance amount exceeds the insurance value. 2. If an insurance premium is paid in instalments and to moms in accordance with the insurance contract, the premium shall not be refundable. the determination of the circumstances referred to in paragraph 1 of this article is not fully paid, the remaining insurance contributions must be paid in an amount that is reduced in proportion to the reduction in the amount 3. If the over-insurance in the insurance contract is the result of a fraud on the part of the insured person, the insured person is entitled to demand that the contract be declared null and void. 4. The rules provided for in paragraphs 1 to 3 of this article shall apply, respectively, and In the case where the insurance amount exceeded the insurance value as a result of insurance of the same object with two or more insurers (dual insurance). I am the amount payable in this case by each of the insurers and is reduced in proportion to the reduction of the original insurance amount under the respective insurance policy.