North Dakota Statutes

§ 26.1-29-04 — Insurable interest defined and classified

North Dakota § 26.1-29-04
JurisdictionNorth Dakota
Title 26.1Insurance
Ch. 26.1-29Insurance Contracts

This text of North Dakota § 26.1-29-04 (Insurable interest defined and classified) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.D. Cent. Code § 26.1-29-04 (2026).

Text

An insurable interest is an interest in property, or any relation thereto, or liability in respect thereof, of such a nature that a contemplated peril might damnify directly the insured, and 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.

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Bluebook (online)
North Dakota § 26.1-29-04, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/26.1-29-04.