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

California § 284.

• 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

Except in the case of a property held by the insured as a carrier or depositary, the measure of an insurable interest in property is the extent to which the insured might be damnified by loss or injury thereof.

Legislative History

Enacted by Stats. 1935, Ch. 145.