There is a newer version of the Nebraska Revised Statutes
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2012 Nebraska Revised Statutes
Chapter 44 - INSURANCE
44-375 - Insurance; applicable only to insured's interest.


NE Code § 44-375 (2012) What's This?
44-375. Insurance; applicable only to insured's interest.

When the name of the party intended to be insured is specified in a policy, such insurance can be applied only to his own proper interest.

Source
    Laws 1913, c. 154, § 64, p. 423;
    R.S.1913, § 3200;
    Laws 1919, c. 190, tit. V, art. IV, § 34, p. 602;
    C.S.1922, § 7799;
    C.S.1929, § 44-334;
    R.S.1943, § 44-375.

Annotations
A claimant under an insurance contract must show an interest in the contract that would be recognized and protected by the courts. Sayah v. Metropolitan Prop. & Cas. Ins. Co., 273 Neb. 744, 733 N.W.2d 192 (2007).

Neither family use of property nor the family relationship alone gives automatic rise to an insurable property interest. Sayah v. Metropolitan Prop. & Cas. Ins. Co., 273 Neb. 744, 733 N.W.2d 192 (2007).

To have an insurable interest, the claimant must have some legally enforceable right that would be recognized and enforced in the property at issue. Sayah v. Metropolitan Prop. & Cas. Ins. Co., 273 Neb. 744, 733 N.W.2d 192 (2007).

When no legally enforceable interest exists, no insurable interest exists. Sayah v. Metropolitan Prop. & Cas. Ins. Co., 273 Neb. 744, 733 N.W.2d 192 (2007).

Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.