2605. Where there is a loss recoverable under the contract, the insurer, or each insurer if there is more than one, is liable for such proportion of the measure of indemnity as the amount of his subscription bears to the value fixed in the contract in the case of a valued contract, or to the insurable value in the case of an unvalued contract.
1991, c. 64, a. 2605; I.N. 2014-05-01; 2016, c. 4, s. 294.