California Insurance Code ARTICLE 4 - Insurable Interest: Generally

• Section 280.
  If the insured has no insurable interest, the contract is void.(Enacted by Stats. 1935, Ch. 145.)
• Section 281.
  Every interest in property, or any relation thereto, or liability in respect thereof, of such a nature that a contemplated peril might directly damnify the...
• Section 282.
  An 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...
• Section 283.
  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...
• Section 284.
  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...
• Section 285.
  A carrier or depositary of any kind has an insurable interest in a thing held by him as such, to the extent of its value.(Enacted...
• Section 286.
  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...
• Section 287.
  Every stipulation in a policy of insurance for the payment of loss whether the person insured has or has not any interest in the property...

Last modified: October 22, 2018