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California Insurance Code

§ 485

INS § 485Div. 1 · Part 1 · Ch. 5

Statute text

View on leginfo.ca.gov
In case of an overinsurance by several insurers, the insured is entitled to a ratable return of the premium, proportioned to the amount by which the aggregate sum insured in all the policies exceeds the insurable value of the subject at risk.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 485 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.