Under California law – the California Motor Carriers of Property Permit Act, Vehicle Code § 34600 et seq., a commercial automobile liability policy terminates on the date stated in either the policy or in any endorsement to the policy, irrespective of whether the insured cancelled the corresponding certificate of insurance that was on file with the California Department of Motor Vehicles. The California Supreme Court recently ruled that such commercial automobile policies expire at the end of the policy period designated within the policy, irrespective of the insurance company’s failure to cancel the corresponding certificate of insurance that had been placed on file with the Department of Motor Vehicles. See, Allied Premium Insurance v. United Financial Casualty Co., 15 Cal.5th 20, 310 Cal.Rptr.3d 699, 532 P.3d 708 (July 24, 2023).
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On Behalf of Steven Plitt, Expert Insurance Consultant & Witness | Jul 25, 2024 | Firm News