Advertising with us can place you in front of thousands of visitors a day. Learn more!
- Alaska Statutes.
- Title 21. Insurance
- Chapter 42. The Insurance Contract
- Section 30. Insurable Interest: Property.
previous: Section 20
. Insurable Interest: Life, Annuity, or Health.
next: Section 40
. Interest of Named Insured.
AS 21.42.030. Insurable Interest: Property.
- (a) A contract of insurance of property or of an interest in property or arising from property may not be enforced as to
the insurance except for the benefit of persons having an insurable interest in the things insured at the time of the
- (b) The measure of an insurable interest in property is the extent to which the insured might be indemnified by loss,
injury, or impairment.
- (c) In this section, "insurable interest" means an actual, lawful, and substantial economic interest in the safety or
preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.
All content © 2008 by Touch
N' Go/Bright Solutions, Inc.
Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature
If any errors are found, please e-mail Touch N' Go systems at E-mail. We
hope you find this information useful.