Statute · California Insurance Code
Cal. Ins. Code § 1881 — Insurable Interests Peculiar to Marine Insurance
Cal. Ins. Code § 1881
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Ins. Code § 1881 — Insurable Interests Peculiar to Marine Insurance is in force in the current edition of the Code, and nothing recorded condemns it.
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.