Insurance Code § 1990
ARTICLE 5. Loss in Marine Insurance
In case of a valued policy of marine insurance on freightage or cargo, if only a part of the subject matter is exposed to risk, the valuation applies only in proportion to such part.
ARTICLE 5. Loss in Marine Insurance
In case of a valued policy of marine insurance on freightage or cargo, if only a part of the subject matter is exposed to risk, the valuation applies only in proportion to such part.