'Treaty of Peace with Turkey. Signed at Sévres, August 10, 1920. [With Maps.]' [‎48r] (75/112)

12 .
Insurance contracts shall be considered as contracts of life assurance for the purpose
ol paragraphs 9 to 11 when they depend on the probabilities of human life combined with
the rate of interest for the calculation of the reciprocal engagements between the two
parties.
Marine Insurance.
13.
Contracts of marine insurance, including time policies and voyage policies, entered
into between an insurer and a person who subsequently became an enemy, shall be
deemed to have been dissolved on his becoming an enemy, except in cases where the risk
undertaken in the contract had attached before he became an enemy.
Where the risk had not attached, money paid by way of premium or otherwise shall
be recoverable from the insurer.
Where the risk had attached effect shall be given to the contract, notwithstanding
the party becoming an enemy, and sums due under the contract either by way of
premiums or in respect of losses shall be recoverable after the coming into force of the
present Treaty.
In the event of any agreement being come to for the payment of interest on sums
due before the war to or by the nationals of States which have been at war and recovered
after the war, such interest shall in the case of losses recoverable under contracts of
marine insurance run from the expiration of a period of one year from the date of the
loss.
14.
No contract of marine insurance with an insured person who subsequently became
an enemy shall be deemed to cover losses due to belligerent action by the Power of which
the insurer was a national or by the allies of such Power.
15.
Where it is shown that a person who had before the war entered into a contract of
marine insurance with an insurer who subsequently became an enemy entered after the
outbreak of war into a new contract covering the same risk with an insurer who was not
an enemy, the new contract shall be deemed to be substituted for the original contract as
from the date when it was entered into, and the premiums payable shall be adjusted on
the basis of the original insurer having remained liable on the contract only up till the
time when the new contract was entered into.
Other Insurances.
16.
Contracts of insurance entered into before the war between an insurer and a person
who subsequently became an enemy, other than contracts dealt with in paragraphs 7 to
15, shall be treated in all respects on the same footing as contracts of fire insurance
between the same persons would be dealt with under the said paragraphs.
Reinsurance.
All treaties of reinsurance with a person who became an enemy shall be regarded as
having been abrogated by the person becoming an enemy, but without prejudice in the
case of life or marine risks which had attached before the war to the right to recover
payment after the war for sums due in respect of such risks.
Nevertheless, if, owing to invasion, it has been impossible for the reinsured to find
another reinsurer, the treaty shall remain in force until three months after the coining
into force of the present Treaty.
When a reinsurance treaty becomes void under this paragraph there ^hall be an
adjustment of accounts between the parties in respect both ol premiums paid and payable
and of liabilities for losses in respect of life or marine risk which had attached before the
war. In the case of risks other than those mentioned in paragraphs 9 to 15, the adjust
ment of accounts shall be made as at the date of the parties becoming enemies, without
regard to claims for losses which may have occurred since that date.