Acts and Regulations

I-12 - Insurance Act

Section 140
Disposition versions

Full text
Insurable interest
140Without restricting the meaning of the expression “insurable interest”, a person has an insurable interest in his own life and in the life of
(a) his child or grandchild,
(b) his spouse,
(c) any person upon whom he is wholly or in part dependent for, or from whom he is receiving, support or education,
(d) his employee, and
(e) any person in the duration of whose life he has a pecuniary interest.
1968, c.6, s.140