Ins. Code, § 1962 · Article 5. Loss in Marine Insurance
Ins. Code, § 1962
Verbatim from the official edition
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
An actual total loss is caused by:
(a) A total destruction of the subject matter of insurance.
(b) The loss of the subject matter by sinking, or by being broken up.
(c) Any damage to the subject matter which renders it valueless to the owner for the purposes for which he held it.
(d) Any other event which entirely deprives the owner of the possession, at the port of destination, of the subject matter.
Notes and commentary — not statutory text
History
Enacted by Stats. 1935, Ch. 145.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=1962.
- Text hash
- sha256 290fc96b9913b1b40fa6ad37ba223e99c2c7d5e3a5ba0a8384cf164a9a399489
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.