§ 282
38 words·~1 min read·
/ca/insurance-code/282A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurable interest in property may consist in:
1. An existing interest;
2. An inchoate interest founded on an existing interest; or,
3. An expectancy, coupled with an existing interest in that out of which the expectancy arises.