Cal. Ins. Code § 1884

Current through the 2023 Legislative Session.
Section 1884 - Insurable interest exists in case of charter party

The interest mentioned in the last section exists, in the case of a charter party, when the ship has broken ground on the chartered voyage. If a price is to be paid for the carriage of goods it exists when they are actually on board, or there is some contract for putting them on board, and both ship and goods are ready for the specified voyage.

Ca. Ins. Code § 1884

Enacted by Stats. 1935, Ch. 145.