The article discusses non-life insurance business in North Korea, focusing on property insurance laws. It explains that North Korea follows the principle of "No interest, no insurance" in non-life insurance. The law sets limits on insured values and insurance payouts, but the exact meaning is unclear. Issues like under-insurance and double-insurance can arise due to ambiguous regulations. Over-insurance is prohibited, but there are no specific rules for fraud-related over-insurance. The law also limits the total payout for double-insurance contracts. Overall, North Korea's insurance laws are similar to those in other countries, with a focus on proportional responsibility for insurers and the insured.