California Insurance Code

§ 486

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

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.