There is a newer version
of
this Section
2019 Wyoming Statutes
Title 26 - Insurance Code
Chapter 15 - The Insurance Contract
Article 1 - In General
Section 26-15-104 - Insurable Interest in Property; &Quot;insurable Interest" Defined.
Universal Citation: WY Stat § 26-15-104 (2019)
26-15-104. Insurable interest in property; "insurable interest" defined.
(a) No contract of insurance of property or of any interest in property or arising from property is enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured at the time of the loss.
(b) The measure of an insurable interest in property is the extent to which the insured might be directly or indirectly damnified by loss or impairment thereof.
(c) "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.
Disclaimer: These codes may not be the most recent version. Wyoming 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.
