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California Insurance Code

§ 486

INS § 486Div. 1 · Part 1 · Ch. 5

Statute text

View on leginfo.ca.gov
When an overinsurance is effected by simultaneous policies, the insurers contribute to the premium to be returned in proportion to the amount insured by their respective policies.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 486 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.