Insurance 101 – Chapter 6 – Volume 26 – Returning the Premium

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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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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