California Insurance Code

§ 485

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

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.