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DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 1. FIRE AND MARINE INSURANCE 1880-10108.1›CHAPTER 1. The Marine Contract 1880-2010›ARTICLE 5. Loss in Marine Insurance 1960-1997

§ 1991

California Insurance Code · 2018-11 edition · updated 2026-10-04 · California

When profits are valued and insured by marine insurance, a loss of them is conclusively presumed from a loss of the property out of which they were expected to arise, and the valuation fixes their amount.

(Enacted by Stats. 1935, Ch. 145.)

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California Insurance Code

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