CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 444Introduced by Senator GainesFebruary 15, 2017 An act to amend Section 282 of the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGESTSB 444, as introduced, Gaines. Property insurance: insurable interest.Existing law regulates insurance and the business of insurance in the state. Existing law provides that an insurable interest in property may consist in an existing interest, an inchoate interest founded on an existing interest, or an expectancy, coupled with an existing interest in that out of which the expectancy arises.This bill would make nonsubstantive, technical changes to these provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 282 of the Insurance Code is amended to read:282. An insurable interest in property may consist in:1.(a) An existing interest; interest.2.(b) An inchoate interest founded on an existing interest; or, interest.3.(c) An expectancy, coupled with an existing interest in that out of which the expectancy arises.
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 444Introduced by Senator GainesFebruary 15, 2017 An act to amend Section 282 of the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGESTSB 444, as introduced, Gaines. Property insurance: insurable interest.Existing law regulates insurance and the business of insurance in the state. Existing law provides that an insurable interest in property may consist in an existing interest, an inchoate interest founded on an existing interest, or an expectancy, coupled with an existing interest in that out of which the expectancy arises.This bill would make nonsubstantive, technical changes to these provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
Senate Bill No. 444
Introduced by Senator GainesFebruary 15, 2017
Introduced by Senator Gaines
February 15, 2017
An act to amend Section 282 of the Insurance Code, relating to insurance.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
SB 444, as introduced, Gaines. Property insurance: insurable interest.
Existing law regulates insurance and the business of insurance in the state. Existing law provides that an insurable interest in property may consist in an existing interest, an inchoate interest founded on an existing interest, or an expectancy, coupled with an existing interest in that out of which the expectancy arises.This bill would make nonsubstantive, technical changes to these provisions.
Existing law regulates insurance and the business of insurance in the state. Existing law provides that an insurable interest in property may consist in an existing interest, an inchoate interest founded on an existing interest, or an expectancy, coupled with an existing interest in that out of which the expectancy arises.
This bill would make nonsubstantive, technical changes to these provisions.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 282 of the Insurance Code is amended to read:282. An insurable interest in property may consist in:1.(a) An existing interest; interest.2.(b) An inchoate interest founded on an existing interest; or, interest.3.(c) An expectancy, coupled with an existing interest in that out of which the expectancy arises.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 282 of the Insurance Code is amended to read:282. An insurable interest in property may consist in:1.(a) An existing interest; interest.2.(b) An inchoate interest founded on an existing interest; or, interest.3.(c) An expectancy, coupled with an existing interest in that out of which the expectancy arises.
SECTION 1. Section 282 of the Insurance Code is amended to read:
### SECTION 1.
282. An insurable interest in property may consist in:1.(a) An existing interest; interest.2.(b) An inchoate interest founded on an existing interest; or, interest.3.(c) An expectancy, coupled with an existing interest in that out of which the expectancy arises.
282. An insurable interest in property may consist in:1.(a) An existing interest; interest.2.(b) An inchoate interest founded on an existing interest; or, interest.3.(c) An expectancy, coupled with an existing interest in that out of which the expectancy arises.
282. An insurable interest in property may consist in:1.(a) An existing interest; interest.2.(b) An inchoate interest founded on an existing interest; or, interest.3.(c) An expectancy, coupled with an existing interest in that out of which the expectancy arises.
282. An insurable interest in property may consist in:
1.(a) An existing interest; interest.
2.(b) An inchoate interest founded on an existing interest; or, interest.
3.(c) An expectancy, coupled with an existing interest in that out of which the expectancy arises.