§ 1969. — 1969. (Enacted by Stats. 1935, Ch. 145.)

California § 1969.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 2.: DIVISION 2. CLASSES OF INSURANCE
• Part 1.: PART 1. FIRE AND MARINE INSURANCE
• Ch. 1.: CHAPTER 1. The Marine Contract
• Art. 5.: ARTICLE 5. Loss in Marine Insurance

Text

When insurance is confined in its terms to an actual total loss, it does not cover a constructive total loss, but it does cover any loss which necessarily results in depriving the insured of the possession, at the port of destination, of the entire subject matter insured.

Legislative History

Enacted by Stats. 1935, Ch. 145.