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CCQ-1991 - Civil Code of Québec

Section 2512
Disposition versions

Full text
2512. Every contract of marine insurance by way of gaming or wagering is absolutely null.
There is a gaming or wagering contract where the insured has no insurable interest and the contract is entered into with no expectation of acquiring such an interest.
A contract of marine insurance is deemed to be a gaming or wagering contract where the policy is made “interest or no interest” or “without further proof of interest than the policy itself”, or “without benefit of abandonment to the insurer” where there is in fact a possibility of abandonment.
1991, c. 64, a. 2512.
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