Section 676.5 - Commercial insurance policies considered policy for term of one year(a) This section applies only to policies of commercial insurance which are subject to Section 675.5.(b) Except as provided in subdivision (c), for purposes of this chapter only, a policy with no fixed expiration, or with a term of less than one year, shall be considered to be a policy for a term of one year, and a policy written for a term of more than one year shall be considered as if written for successive terms of one year.(c) For purposes of this chapter, a policy shall be considered to be for a term of less than one year if the policy is issued for a specific risk which does not continue beyond the period of the policy, or if the insured requests a policy for a term of less than one year.Added by Stats. 1986, Ch. 1321, Sec. 4.