California Insurance Code 483 – A person insured is entitled to a return of the premium:(a) When …
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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.
Terms Used In California Insurance Code 483
- Contract: A legal written agreement that becomes binding when signed.
- Fraud: Intentional deception resulting in injury to another.
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19
(b) When the contract is voidable on account of facts, of the existence of which the insured was ignorant without his fault.
(c) When, by any default of the insured other than actual fraud, the insurer did not incur any liability under the policy.
(Enacted by Stats. 1935, Ch. 145.)