California Statutes
§ 286. — 286. (Amended by Stats. 1935, Ch. 308.)
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
An interest in property insured must exist when the insurance takes effect, and when the loss occurs, but need not exist in the meantime; an interest in the life or health of a person insured must exist when the insurance takes effect, but need not exist thereafter or when the loss occurs.
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California § 286. (286. (Amended by Stats. 1935, Ch. 308.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Legislative History
Amended by Stats. 1935, Ch. 308.