Volume 1, Draft Civil Code - Digital exhibitions & collections - McGill ...

500 OBLIGATIONS
safety or due arrival of insurable property or may be prejudiced
by its loss, damage or detention.
1015 Partial, defeasible or contingent interests are insurable.
1016 In particular, there is an insurable interest in the cases
of:
1. the insurer, for the risk insured; he may re-insure
himself in respect of it;
2. the master or any member of the crew, in respect of their
wages;
3. the person paying advance freight insofar as it is not
repayable in case of loss;
4. the assured, for the charges of any insurance effected;
5. the hypothecary debtor, for the full value of the subjectmatter
hypothecated;
6. the hypothecary creditor, for any sum due or to become
due under the hypothec;
7. the buyer of goods, notwithstanding his right to reject
them or to have them treated as at the seller's risk.
/// - Extent of insurable interest
1017 Any person who has an interest in the subject-matter
insured may insure it on his behalf or on behalf of a third party
who has an interest in it.
1018 The owner of insurable property has an insurable
interest in respect of its full value, even though some third
party may have agreed, or be liable, to indemnify him in case
of loss.
§ - 3 Transfer of insurance
1019 A marine policy may be transferred either before or after
loss.