Section 481.1 Of Chapter 5. The Premium From California Insurance Code >> Division 1. >> Part 1. >> Chapter 5.
481.1
. (a) In the event any conditional receipt, binder, or other
evidence of temporary or implied insurance, except ocean marine
insurance as defined in Section 481 and those classes of insurance as
defined in Sections 101, 104, and 106, is canceled, rejected, or
surrendered by the insurer, the coverage thereby extended shall
terminate 10 days after written notice to the named insured is
deposited, properly addressed with postage prepaid, with the United
States Postal Service.
(b) Any conditional receipt, binder, or other evidence of
temporary or implied insurance described in subdivision (a) shall
remain in force for a period of at least 30 days from the date of its
issuance unless sooner canceled, rejected, or surrendered pursuant
to the provisions of subdivision (a).