California Code, Insurance Code - INS § 676.5
Current as of January 01, 2023 | Updated by FindLaw Staff
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(a) This section applies only to policies of commercial insurance which are subject to Section 675.5.
(b) Except as provided in subdivision (c), for purposes of this chapter only, a policy with no fixed expiration, or with a term of less than one year, shall be considered to be a policy for a term of one year, and a policy written for a term of more than one year shall be considered as if written for successive terms of one year.
(c) For purposes of this chapter, a policy shall be considered to be for a term of less than one year if the policy is issued for a specific risk which does not continue beyond the period of the policy, or if the insured requests a policy for a term of less than one year.
Cite this article: FindLaw.com - California Code, Insurance Code - INS § 676.5 - last updated January 01, 2023 | https://codes.findlaw.com/ca/insurance-code/ins-sect-676-5/
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