Article 954: Insurance premium and insurance premiums

1. Insurance premium means the insurance fee that the insured person (beneficiary) is required to pay to the insurers in the manner and within the time limits set by the insurance contract. In determining the amount of the premium to be paid under the insurance contract, the dryer is entitled to apply the insurance rates he has developed to determine the premium to be charged to the unit of the insurance amount. In the cases provided for by law, the amount of the premium is determined in accordance with the insurance rates established or regulated by law. 3. If the insurance contract provides for an insurance premium to be paid in instalments, the contract may determine the consequences of non-payment within the prescribed time limits. 4. In the event of an insurance accident prior to the payment of a further insurance contribution which is overdue, the insured person is entitled to the amount of the insurance insurance payable. Refunds under the property insurance or personal insurance insurance contract shall be set off against the amount of the outstanding insurance contribution.