California Insurance Code
§ 282
INS § 282Div. 1 · Part 1 · Ch. 2 · Art. 4
Statute text
View on leginfo.ca.govAn insurable interest in property 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.
Legislative history
Enacted by Stats. 1935, Ch. 145.