{"data":{"id":"us-nd/n.d.-cent.-code-26.1-29-04","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 26.1-29-04","heading":"Insurable interest defined and classified","body":"An insurable interest is an interest in property, or any relation thereto, or liability in respect thereof, of such a nature that a contemplated peril might damnify directly the insured, and may consist in:\n1.An existing interest;\n2.An inchoate interest founded on an existing interest; or\n3.An expectancy coupled with an existing interest in that out of which the expectancy arises.","path":["Title 26.1 Insurance","Chapter 26.1-29 Insurance Contracts"],"source_url":"https://ndlegis.gov/cencode/t26-1c29.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"dc18594b3564a903dc20e5470a23d9b7b99e67de35e72a7785ffb18a96c625e2","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-26.1-29-03","next":"us-nd/n.d.-cent.-code-26.1-29-05"},"notice":"GroundRules: Original legal text. Not legal advice."}