CHAPTER 5. The Premium
Chapter 5 enacted by Stats. 1935, Ch. 145.
§§ 480–491 · 14 sections
- § 480 An insurer is entitled to payment of the premium as soon as the subject matter insured is exposed to the peril insured against.
- § 481 (a) Unless the insurance contract otherwise provides, a person insured is entitled to a return of his or her premium if the policy is canceled, rejected,…
- § 481.1 (a) In the event any conditional receipt, binder, or other evidence of temporary or implied insurance, except ocean marine insurance as defined in Section 481…
- § 481.5 (a) Whenever a policy of personal lines insurance terminates for any reason, or there is a reduction in coverage, the insurer shall tender the gross unearned…
- § 482 Except as provided by section 481, or by the insurance contract, if a peril insured against has existed, and the insurer has been liable for any period,…
- § 483 A person insured is entitled to a return of the premium: (a) When the contract is voidable, on account of the fraud or misrepresentation of the insurer. (b)…
- § 484 An acknowledgment in a policy of the receipt of premium is conclusive evidence of its payment, so far as to make the policy binding. Notwithstanding such…
- § 485 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…
- § 486 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…
- § 487 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…
- § 488 No insurer shall, in issuing or renewing a private passenger automobile insurance policy, increase the premium on that policy for the reason that the insured…
- § 488.5 (a) An insurer shall not, in issuing or renewing a private automobile insurance policy to a peace officer, member of the Department of the California Highway…
- § 489 (a) Upon issuance of a policy of insurance described in Section 660, the insurer or its agent shall deliver to the named insured a notice explaining the manner…
- § 491 The rating plan of a motor vehicle liability insurer shall not provide for an increase in the premium if based upon an accident in which the insured is not at…