US lawCaliforniaStatutesCode insDivision 2Part 1Chapter 1Article 11880Cal. INS § 1880Cal. INS § 1880Last amended: 1935Year: 2025Length: 33 wordsOfficial source The owner of a ship has in all cases an insurable interest in it, even when it has been chartered by one who agrees to pay him its value in case of loss.NextCal. INS § 1881