Oklahoma Statutes Citationized
Title 36. Insurance
Chapter 1 - Insurance Code
Article Article 36 - Insurance Contracts
Section 3605 - Insurable Interest With Respect to Property Insurance
Cite as: O.S. §, __ __
A. No insurance contract on property or of any interest therein or arising therefrom shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured.
B. "Insurable interest" as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.
C. The measure of an insurable interest in property is the extent to which the insured might be damnified by loss, injury, or impairment thereof.
Historical Data
Laws 1957, HB 501, p. 363, § 3605.
Citationizer® Summary of Documents Citing This Document| Cite | Name | Level | |
|---|---|---|---|
| Oklahoma Court of Civil Appeals Cases | |||
| Cite | Name | Level | |
| 1993 OK CIV APP 198, 870 P.2d 792, 65 OBJ 1042, | Johnson v. Allstate Ins. Co. | Cited | |
| Oklahoma Supreme Court Cases | |||
| Cite | Name | Level | |
| 1989 OK 128, 782 P.2d 1357, 60 OBJ 2481, | Conti v. Republic Underwriters Ins. Co. | Cited | |
| 2003 OK 88, 81 P.3d 629, | DELK v. MARKEL AMERICAN INSURANCE COMPANY | Discussed at Length | |
| 1975 OK 49, 534 P.2d 1, | ERNIE MILLER PONTIAC, INC. v. HOME INSURANCE COMPANY | Cited | |
| 1983 OK 17, 664 P.2d 377, | Snethen v. Oklahoma State Union of Farmers Educational and Co-op. Union of America | Discussed at Length | |
| Cite | Name | Level |
|---|
| None Found. |