US lawCaliforniaStatutesCode insDivision 2Part 1Chapter 1Article 11881Cal. INS § 1881Cal. INS § 1881Last amended: 1935Year: 2025Length: 25 wordsOfficial source The insurable interest of the owner of a ship hypothecated by bottomry is only the excess of its value over the amount secured by bottomry.PreviousCal. INS § 1880NextCal. INS § 1882