Cal. INS § 1884
This is the official text of Cal. INS § 1884, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
The interest mentioned in the last section exists, in the case of a charter party, when the ship has broken ground on the chartered voyage. If a price is to be paid for the carriage of goods it exists when they are actually on board, or there is some contract for putting them on board, and both ship and goods are ready for the specified voyage.
Status: in_force · Read it on the official government site
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