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CCQ-1991 - Civil Code of Québec
Section 2515
Disposition versions
2515. An insurable interest exists, in particular, for the insurer in respect of the risk insured, for the insured in respect of the charges of insurance effected and the solvency of his insurer and for the master or any member of the crew of a ship in respect of his wages.
An insurable interest also exists for the person advancing freight so far as it is not repayable in case of loss, for the buyer of goods even where he is entitled to reject the goods or treat them as at the seller’s risk, for the hypothecary debtor in respect of the full value of the hypothecated property, and for the hypothecary creditor up to the amount of his claim.
2515. Insurable interest exists, in particular, for the insurer in respect of the risk insured, for the insured in respect of the charges of insurance effected and the solvency of his insurer and for the master or any member of the crew of a ship in respect of his wages.
Insurable interest also exists for the person advancing freight so far as it is not repayable in case of loss, the purchaser of goods even where he is entitled to reject the goods or treat them as at the seller’s risk, and for the hypothecary debtor in respect of the full value of the hypothecated property, and the hypothecary creditor up to the amount of his claim.
