DIVISION 2. CLASSES OF INSURANCE 1880-12880.6›PART 1. FIRE AND MARINE INSURANCE 1880-10108.1›CHAPTER 1. The Marine Contract 1880-2010›ARTICLE 1. Insurable Interests Peculiar to Marine Insurance 1880-1886

§ 1881

California Insurance Code · 2020-11 edition · updated 2026-10-04 · California

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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California Insurance Code

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