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2023 California Code
Insurance Code - INS
DIVISION 2 - CLASSES OF INSURANCE
PART 1 - FIRE AND MARINE INSURANCE
CHAPTER 1 - The Marine Contract
ARTICLE 1 - Insurable Interests Peculiar to Marine Insurance
Section 1881.
Universal Citation:
CA Ins Code § 1881 (2023)
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1881. The insurable interest of the owner of a ship hypothecated by bottomry is only the excess of its value over the amount secured by bottomry.
(Enacted by Stats. 1935, Ch. 145.)
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