Section 283.

Cal. Insurance Code - INS § 283.
in effect
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A mere contingent or expectant interest in anything, not founded on an actual right to the thing, nor upon any valid contract for it, is not insurable.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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Cal. Insurance Code - INS § 283. — Section 283 | Insurance Code - INS | Corpus