Returning the Premium

Only the insurer may make the objection to the validity of the policy and declare the policy void. The law in California regarding an insured’s right to return of premium is reflected in Insurance Code section 483, which states in part: “A person insured is entitled to a return of the premium: (c) When, by any default of the insured other than actual fraud, the insurer did not incur any liability under the policy. “(Emphasis added.)

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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