Insurance Code - INS
DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100 - 1879.8]
( Division 1 enacted by Stats. 1935, Ch. 145. ) PART 1. THE CONTRACT [100 - 679.75]
( Part 1 enacted by Stats. 1935, Ch. 145. ) CHAPTER 5. The Premium [480 - 491]
( Chapter 5 enacted by Stats. 1935, Ch. 145. ) 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 sum insured in all the policies exceeds the insurable value of the subject at risk.
(Enacted by Stats. 1935, Ch. 145.)