Statute · California Insurance Code
Cal. Ins. Code § 1962 — Loss in Marine Insurance
Cal. Ins. Code § 1962
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An actual total loss is caused by:
Citator
Cal. Ins. Code § 1962 — Loss in Marine Insurance is in force in the current edition of the Code, and nothing recorded condemns it.
An actual total loss is caused by:
(a) A total destruction of the subject matter of insurance.
(b) The loss of the subject matter by sinking, or by being broken up.
(c) Any damage to the subject matter which renders it valueless to the owner for the purposes for which he held it.
(d) Any other event which entirely deprives the owner of the possession, at the port of destination, of the subject matter.