Insurance Code section 1991

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.

Source: Section 1991, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=1991. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 1991’s source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_1991

Original Source: Section 1991, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=1991. (last accessed Apr. 24, 2025).