Statute · California Insurance Code

Cal. Ins. Code § 1995 — Loss in Marine Insurance

Cal. Ins. Code § 1995

Type
Statute
Source
California Insurance Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

In marine insurance, when an insured is required to make a contribution in respect to the subject matter of insurance toward a general average loss, if the average was called for on a loss by a peril insured against, the insurer is liable for the insured’s loss through the contribution.

Citator

Cal. Ins. Code § 1995 — Loss in Marine Insurance is in force in the current edition of the Code, and nothing recorded condemns it.

In marine insurance, when an insured is required to make a contribution in respect to the subject matter of insurance toward a general average loss, if the average was called for on a loss by a peril insured against, the insurer is liable for the insured’s loss through the contribution.