Lambros v. Metropolitan Life Insurance

Opinion

ARMSTRONG, J.

This case concerns the application of Insurance Code section 481 to appellant Vasillos S. Lambros’s life insurance policy, issued by respondent Metropolitan Life Insurance Company(MetLife). That statute provides that “(a) Unless the insurance contract otherwise provides, a person insured is entitled to a return of premium if the policy is canceled, rejected, surrendered, or rescinded, as follows: ... (2) Where the insurance is made for a definite period of time and the insured surrenders his policy, to such proportion of the premium as corresponds with the unexpired…