Cal. Insurance Code § 286 : California Insurance Code — General Rules Governing Insurance — Parties, Events, And Interests — Insurable Interest: Generally — Existence of insurable interest

Current through the 2016 Legislative Session

An interest in property insured must exist when the insurance takes effect, and when the loss occurs, but need not exist in the meantime; and interest in the life or health of a person insured must exist when the insurance takes effect, but need not exist thereafter or when the loss occurs.