California Insurance Code ARTICLE 1 - Insurable Interests Peculiar to Marine Insurance

• Section 1880.
  The owner of a ship has in all cases an insurable interest in it, even when it has been chartered by one who agrees to...
• Section 1881.
  The insurable interest of the owner of a ship hypothecated by bottomry is only the excess of its value over the amount secured by bottomry.(Enacted...
• Section 1882.
  Freightage, in marine insurance, signifies all the benefit derived by the owner, either from the chartering of the ship or its employment for the carriage...
• Section 1883.
  The owner of a ship has an insurable interest in expected freightage which he would have certainly earned but for the intervention of a peril...
• Section 1884.
  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....
• Section 1885.
  In marine insurance, a person who has an interest in the thing from which profits are expected to proceed, has an insurable interest in the...
• Section 1886.
  The charterer of a ship has an insurable interest in it, to the extent that he is liable to be damaged by its loss.(Enacted by...

Last modified: October 22, 2018