Oklahoma § 36-3605 Insurable interest with respect to property insurance.

Oklahoma Statutes

§ 36-3605 — Insurable interest with respect to property insurance.

Oklahoma § 36-3605

Title 36Insurance

This text of Oklahoma § 36-3605 (Insurable interest with respect to property insurance.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 36, § 36-3605 (2026).

Text

A.No insurance contract on property or of any interest therein or arising therefrom shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured.

B."Insurable interest" as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.

C.The measure of an insurable interest in property is the extent to which the insured might be damnified by loss, injury, or impairment thereof.

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A. No insurance contract on property or of any interest therein or arising therefrom shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured. B. "Insurable interest" as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment. C. The measure of an insurable interest in property is the extent to which the insured might be damnified by loss, injury, or impairment thereof.