An insurer is entitled to payment of the premium as soon as the subject matter insured is exposed to the peril insured against.
Cal. Ins. Code § 480
The Premium
Applied in 3 court decisions — leading case 5 Cal. 3d 620 - Ryman v. American National Insurance (1971)
Most recently applied in 5 Cal. 3d 620 - Ryman v. American National Insurance (August 1971)
Enacted by Stats. 1935, Ch. 145.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.