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California Insurance Code

§ 286

INS § 286Div. 1 · Part 1 · Ch. 2 · Art. 4
An interest in property insured must exist when the insurance takes effect, and when the loss occurs, but need not exist in the meantime; an interest in the life or health of a person insured must exist when the insurance takes effect, but need not exist thereafter or when the loss occurs.

Legislative history

Amended by Stats. 1935, Ch. 308.

Source: California Insurance Code § 286 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.