California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 5 - Marine Insurance
Section 2322 - Prohibited Coverage
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Unless otherwise permitted, nothing in the foregoing shall be construed to permit marine or transportation policies to cover:
(a) Storage of assured's merchandise, except as herein before provided.
(b) Merchandise in course of manufacture, the property of and on the premises of the manufacturer.
(c) Furniture and fixtures and improvements and betterments to buildings.
(d) Merchandise in permanent location, sold under partial payment, contract of sale, or installment sales contract, which involves protection of the purchaser's interest after seller's interest ceases.
(e) Moneys and/or securities in safes, vaults, safety deposit vaults, banks or assured's premises, except while in course of transportation.
(f) Risks of fire, windstorm, sprinkler leakage, earthquake, hail, explosion, riot, and/or civil commotion on buildings, structures, wharves, piers, docks, bulkheads and sheds and other fixed real property on land and/or over water, except as herein before provided.
