California Insurance Code

§ 1881

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

INS § 1881Div. 2 · Part 1 · Ch. 1 · Art. 1

The insurable interest of the owner of a ship hypothecated by bottomry is only the excess of its value over the amount secured by bottomry.

Legislative history

Enacted by Stats. 1935, Ch. 145.