California Statutes
§ 487. — 487. (Enacted by Stats. 1935, Ch. 145.)
California § 487.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 1.DIVISION 1. GENERAL RULES GOVERNING INSURANCE
Part 1.PART 1. THE CONTRACT
Ch. 5.CHAPTER 5. The Premium
This text of California § 487. (487. (Enacted by Stats. 1935, Ch. 145.)) 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 § 487. (2026).
Text
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 liability assumed by them, and in proportion as the sum for which the premium was paid exceeds the amount for which, on account of prior insurance, they could be made liable.
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Legislative History
Enacted by Stats. 1935, Ch. 145.
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California § 487., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/487..