{"code":"INS","codeName":"Insurance Code","section":"486","citation":"Ins. Code, § 486","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1"},{"name":"PART 1. THE CONTRACT [100. - 679.75.]","url":"https://blackletter.si/insurance-code/division-1/part-1"},{"name":"CHAPTER 5. The Premium [480. - 491.]","url":"https://blackletter.si/insurance-code/division-1/part-1/chapter-5"}],"history":"Enacted by Stats. 1935, Ch. 145.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/insurance-code/the-premium-486","source":"California Legislative Information bulk export (pubinfo)"}