Statute · California Insurance Code
Cal. Ins. Code § 485 — The Premium
Cal. Ins. Code § 485
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Ins. Code § 485 — The Premium is in force in the current edition of the Code, and nothing recorded condemns it.
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.