Cal. Ins. Code § 281 : CALIFORNIA INSURANCE CODE — GENERAL RULES GOVERNING INSURANCE — THE CONTRACT — PARTIES, EVENTS, AND INTERESTS — INSURABLE INTEREST: GENERALLY — Interest in property constituting insurable interest

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Every interest in property, or any relation thereto, or liability in respect thereof, of such a nature that a contemplated peril might directly damnify the insured, is an insurable interest.

Ca. Ins. Code § 281

Enacted by Stats. 1935, Ch. 145.

Cal. Ins. Code § 281 : CALIFORNIA INSURANCE CODE — GENERAL RULES GOVERNING INSURANCE — THE CONTRACT — PARTIES, EVENTS, AND INTERESTS — INSURABLE INTEREST: GENERALLY — Interest in property constituting insurable interest

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