Except as provided in this article, any contingent or unknown event, whether past or future, which may damnify a person having an insurable interest, or create a liability against him, may be insured against, subject to the provisions of this code.
Cal. Ins. Code § 250
Events Subject to Insurance
Applied in 1 court decision — leading case 59 Cal. 2d 21 - Sabella v. Wisler (1963)
Most recently applied in 59 Cal. 2d 21 - Sabella v. Wisler (January 1963)
Enacted by Stats. 1935, Ch. 145.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.