29.1523 Insurable interest-Measure of.

Cite as [A.S.C.A. § 29.1523]

Except in the case of property held by the insured as a carrier or depository, the measure of an insurable interest in property is the extent to which the insured might be damaged by loss of, or injury to, the property.

History: 1974, PL 13-58 § 1.