Each party to a contract of insurance is bound to know:

(a) All the general causes which are open to his inquiry equally with that of the other, and which may affect either the political or material perils contemplated.

Terms Used In California Insurance Code 335

  • Contract: A legal written agreement that becomes binding when signed.

(b) All the general usages of trade.

(Enacted by Stats. 1935, Ch. 145.)