An acknowledgment in a policy of the receipt of premium is conclusive evidence of its payment, so far as to make the policy binding. Notwithstanding such acknowledgment, a policy may be canceled effective at such times as otherwise permitted by law for nonpayment of all or any portion of the premium which is actually unpaid if such cancellation right is reserved to the insurer in the policy.
Cal. Ins. Code § 484
The Premium
Applied in 3 court decisions — leading case 273 Cal. App. 2d 185 - St. Julian v. Financial Indemnity Co. (1969)
Most recently applied in Benita Moore v. Security-Connecticut Life Insurance Company (February 1998)
Amended by Stats. 1969, Ch. 536.
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.