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Settlement of indemnity

Section 8.- SETTLEMENT OF INDEMNITY

Article 256.- Responsibility for settlement of indemnity
In payment of indemnified amounts for the loss of the subject of insurance, the insurer may request the assured to provide him/her with information on relevant circumstances, submit documents and other proofs necessary for assessing the circumstances and the extent of the loss.

Article 257.- Statute of limitations for initiation of lawsuits regarding contracts of marine insurance.
The statute of limitations for initiation of lawsuits regarding contracts of marine insurance is two years as from the date of arising of disputes.