California Statutes
§ 2057. — 2057. (Added by Stats. 1979, Ch. 1165.)
California § 2057.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 2.DIVISION 2. CLASSES OF INSURANCE
Part 1.PART 1. FIRE AND MARINE INSURANCE
Ch. 2.CHAPTER 2. The Fire Insurance Contract
Art. 2.ARTICLE 2. Measure of Indemnity
This text of California § 2057. (2057. (Added by Stats. 1979, Ch. 1165.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Insurance Code - INS Code § 2057. (2026).
Text
Under a contract of fire insurance, payment to the insured shall be made within 30 days after the amount of the loss and the liability of the company have been agreed upon or settled by the insured and the company in writing.
If the company fails to pay within the 30 days, the payment shall bear interest, beginning the 31st day, at the prevailing legal rate. The company also shall be liable for all costs of collection, including reasonable attorneys’ fees, if legal action is necessary to obtain payment after the company has willfully failed to pay within the 30 days.
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Legislative History
Added by Stats. 1979, Ch. 1165.
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California § 2057., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/2057..