INSURANCE CONTRACTS ACT 1984 - SECT 17 Legal or equitable interest not required at time of loss
INSURANCE CONTRACTS ACT 1984 - SECT 17
Legal or equitable interest not required at time of loss Where the insured under a contract of general insurance has
suffered a pecuniary or economic loss by reason that property the subject -
matter of the contract has been damaged or destroyed, the insurer is not
relieved of liability under the contract by reason only that, at the time of
the loss, the insured did not have an interest at law or in equity in the
property.