§ 286
52 words·~1 min read·
/ca/insurance-code/286A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An interest in property insured must exist when the insurance takes effect, and when the loss occurs, but need not exist in the meantime; an interest in the life or health of a person insured must exist when the insurance takes effect, but need not exist thereafter or when the loss occurs.