A carrier or depositary of any kind has an insurable interest in a thing held by him as such, to the extent of its value.
Cal. Ins. Code § 285
Insurable Interest: Generally
Applied in 1 court decision — leading case 78 Cal. App. 4th 847 - Shade Foods, Inc. v. Innovative Products Sales & Marketing, Inc. (2000)
Most recently applied in 78 Cal. App. 4th 847 - Shade Foods, Inc. v. Innovative Products Sales & Marketing, Inc. (March 2000)
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.