Nebraska Statutes 44-602. Over-insurance; procurement unlawful
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It shall be unlawful for any party having an insurable interest in property located in this state to knowingly procure any fire insurance policy upon his interest in such property, for an amount in excess of the fair value of his interest in the property, or for an amount which, with any existing insurance thereon, exceeds the fair value of his interest in the property.
Source
- Laws 1913, c. 154, § 110, p. 454;
- R.S.1913, § 3247;
- Laws 1919, c. 190, tit. V, art. VIII, § 2, p. 635;
- C.S.1922, § 7846;
- C.S.1929, § 44-702;
- R.S.1943, § 44-602.
Terms Used In Nebraska Statutes 44-602
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801