Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE [1880 - 12880.6]
( Division 2 enacted by Stats. 1935, Ch. 145. ) PART 1. FIRE AND MARINE INSURANCE [1880 - 10108.1]
( Part 1 enacted by Stats. 1935, Ch. 145. ) CHAPTER 1. The Marine Contract [1880 - 2010]
( Chapter 1 enacted by Stats. 1935, Ch. 145. ) ARTICLE 5. Loss in Marine Insurance [1960 - 1997]
( Article 5 enacted by Stats. 1935, Ch. 145. ) 1988.
In a case of partial loss, a marine insurer is liable only for such proportion of the amount insured by him as the loss bears to the value of the whole interest of the insured in the subject matter.
(Enacted by Stats. 1935, Ch. 145.)