Insurance Code section 1988

In a case of partial loss, a marine insurer is liable only for such proportion of the amount insured by him as the loss bears to the value of the whole interest of the insured in the subject matter.

Source: Section 1988, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=1988. (updated Jan. 1, 1935; accessed Oct. 5, 2026).

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Verified:
Oct. 5, 2026

§ 1988's source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_1988

Original Source: Section 1988, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=1988. (last accessed May 12, 2025).