Every stipulation in a policy of insurance for the payment of loss whether the person insured has or has not any interest in the property insured, or that the policy shall be received as proof of such interest, is void.
Cal. Ins. Code § 287
Insurable Interest: Generally
Applied in 1 court decision — leading case 10 Cal. App. 4th 201 - People v. Von Villas (1992)
Most recently applied in 10 Cal. App. 4th 201 - People v. Von Villas (October 1992)
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.