Alaska Statutes 21.42.070 – Insurance without interest, or of wager, is void

(a) A stipulation in a policy of insurance of property for the payment of loss without regard to absence of an insurable interest in the property on the part of the insured, or that the policy shall be received as proof of the interest, is void.

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Terms Used In Alaska Statutes 21.42.070

property: includes real and personal property. See Alaska Statutes 01.10.060

(b) A policy executed by way of gaming or wagering is void.

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