Civil Code · English · 2015
Article 2665
Cumulative Insurance
(1)
When several insurers have insured the same property against the same risk so that the property is overinsured, each insurer may, if there has been fraud on^ the part of the insured, terminate the policy and may in addition claim damages.
#(2)
If there has been no fraud, each insurer shall, when the risk materializes, pay compensation in proportion to the value insured by him.
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