SECTIONS 460 - California Statutes

INSURANCE CODE

SECTION 460

460. On and after January 1, 1972, every printed form of an
insurance contract, including every policy, endorsement, rider, or
any amendment thereof issued in this state by any insurer or issued
for delivery in this state by any insurer shall state an inception
hour for coverage of 12:01 a.m. of the date upon which it is to be
dated. However, the contract may provide that the inception time
shall not be prior to the time applied for. Unless a specific
provision of this code otherwise prescribes or permits, the hour
prescribed shall be standard time at the residence within this state,
or the principal place of business within this state, of the
insured.
This section shall not prohibit an insurer, directly or through an
agent, from issuing a binder, whether it be oral or typed by
insertions in blanks in a printed form, specifying an inception or
termination hour other than 12:01 a.m. on the date upon which the
coverage is to commence, or end, as specified in the standard form or
forms issued as the normal policy. Such binder shall not be subject
to Section 382 nor have the technical meaning therein ascribed to
"covering notes."
This section shall not prohibit an insurer from issuing any policy
or contract on a normal printed form which contains a provision
extending the period of coverage for either 12 hours preceding, or
following, the effective hour otherwise required by this section.
This section shall not apply to:
(1) Life insurance as defined in Section 101 or such supplemental
disability insurance as is defined in Sections 10271 and 10292.
(2) Marine insurance as defined in Section 103.
(3) Title insurance as defined in Section 104.
(4) Mortgage insurance as defined in Section 107.
(5) Mortgage guarantee insurance as defined in Section 119.
(6) Surety insurance, as defined in Section 105, or disability
insurance, as defined in Section 106, unless, until, and to the
extent following:
The commissioner, on or after the effective date of the amendment
of this section at the 1969 Regular Session of the Legislature, from
time to time, as to specific types, classes, or categories of such
insurance, declares, by rules and regulations promulgated as provided
by law, that this section shall apply. Such rules or regulations
shall provide that no policy or other form required by law to be
approved by the commissioner need be refiled for approval if the only
change from a previously approved form is the inclusion or change of
the inception or termination hour.