2016 Arizona Revised Statutes
Title 20 - Insurance
§ 20-1105 Insurable interest with respect to property insurance
20-1105. Insurable interest with respect to property insurance
A. No insurance contract on property or of any interest therein or arising therefrom shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured.
B. " Insurable interest" as used in this section means any actual, lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction or pecuniary damage or impairment.
C. The measure of an insurable interest in property is the extent to which the insured might be damaged by loss, injury or impairment thereof.
Disclaimer: These codes may not be the most recent version. Arizona 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.
