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4879 Every insurer that covered any period during which a continuous loss occurred is liable for the full extent of the loss up to policy limits; an insured is entitled to stack the policy limits of all applicable policies across all applicable policy periods; policy limits of each multiyear policy apply per occurrence, rather than annually; an insured has no duty to mitigate the loss for the benefit of liability insurers.CitationSTATE v CONTINENTAL INS (Stacked Limits) 170 CA4 160 [See: InsC 531; FMC v Plaisted 61 CA4 1132, T/AT 4/98; Montrose v Admiral 10 C4 645, T/AT 8/95; Armstrong v Aetna 45 CA4 1, T/AT 6/96]
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