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California Insurance Code

§ 487

INS § 487Div. 1 · Part 1 · Ch. 5

Statute text

View on leginfo.ca.gov
When an overinsurance is effected by successive policies, those only contribute to a return of the premium who are exonerated by prior insurance from the liability assumed by them, and in proportion as the sum for which the premium was paid exceeds the amount for which, on account of prior insurance, they could be made liable.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 487 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.