GroundRules
AS 21.42.070: Insurance without interest, or of wager, is void.
Where this section sits in the code
- Title 21. Insurance.
- Chapter 42. The Insurance Contract.
(a) A stipulation in a policy of insurance of property for the payment of loss without regard to absence of an insurable interest in the property on the part of the insured, or that the policy shall be received as proof of the interest, is void.
(b) A policy executed by way of gaming or wagering is void.
Collected 2026-09-02T06:17:40Z. Source file · JSON