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California Insurance Code

§ 283

INS § 283Div. 1 · Part 1 · Ch. 2 · Art. 4
A mere contingent or expectant interest in anything, not founded on an actual right to the thing, nor upon any valid contract for it, is not insurable.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 283 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.