You are here: California / Insurance Code - INS / ARTICLE 1. Insurable Interests Peculiar to Marine Insurance [1880. - 1886.] / Section 1881.


Section 1881. (Enacted by Stats. 1935, Ch. 145.)
Cite as: Cal. Ins. Code §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.



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