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

California § 282.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 1.: DIVISION 1. GENERAL RULES GOVERNING INSURANCE
• Part 1.: PART 1. THE CONTRACT
• Ch. 2.: CHAPTER 2. Parties, Events, and Interests
• Art. 4.: ARTICLE 4. Insurable Interest: Generally

Text

An insurable interest in property may consist in:
1.
An existing interest;
2.
An inchoate interest founded on an existing interest; or,
3.
An expectancy, coupled with an existing interest in that out of which the expectancy arises.

Legislative History

Enacted by Stats. 1935, Ch. 145.