California Insurance Code

§ 487

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

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.