Section 21.42.070. Insurance without interest, or of wager, is void.

Latest version.

   (a) A stipulation in a policy of insurance of property for the payment of loss without regard to absence of an insurable interest in the property on the part of the insured, or that the policy shall be received as proof of the interest, is void.
   (b) A policy executed by way of gaming or wagering is void.

Notes

History

(Sec. 1 ch 120 SLA 1966)

                    
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