Colombian Commercial Code - Decree 410 of 1971 - Book IV - Of Contracts and Corporate Obligations - Part V - Contract Security - Chapter II - Damage Insurance - Section I - Common Principles for Damage Insurance - From: Art 1083 By: Art 1112
COLOMBIAN COMMERCIAL CODE CHAPTER II Damage Insurance Section I Principles common to the general insurance Section 1083 .- Has any person whose insurable interest in property may be affected, directly or indirectly, by conducting a risk. Any interest is insurable, as well as lawful, is capable of estimation in money. Section 1084 .- About the same thing may attend different interests, all of which are insurable, simultaneously or successively, until the value of each. But the compensation in case of the fact that gives rise shall not exceed the total value of the thing at the time of the accident. Their distribution among stakeholders will take into account the principle set out in Article 1089. Section 1085 .- Commercial establishments such as warehouses, bazaars, shops, factories and others, land or sea cargo can be secured with or without specific designation of goods and other objects they contain. Furniture that constitute the furniture of...