BlackletterCalifornia law

Insurance Code § 1991

ARTICLE 5. Loss in Marine Insurance

Current as of September 28, 2026Ins. Code, § 1991Official source ↗

Enacted by Stats. 1935, Ch. 145.

When profits are valued and insured by marine insurance, a loss of them is conclusively presumed from a loss of the property out of which they were expected to arise, and the valuation fixes their amount.