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California Insurance Code

§ 284

INS § 284Div. 1 · Part 1 · Ch. 2 · Art. 4
Except in the case of a property held by the insured as a carrier or depositary, the measure of an insurable interest in property is the extent to which the insured might be damnified by loss or injury thereof.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 284 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.