(1) The place of performance for payment of the insurance premium is the policyholder’s respective place of residence. The policyholder must however transfer the insurance premium to the insurer at his or her own risk, and at his or her own expense.
(2) If the policyholder has taken out the insurance in his or her business enterprise, and his or her business establishment is located elsewhere, the place of performance is the place of the business establishment, and not his or her place of residence.