§ 3401. Insurable interest in property. No contract or policy of
insurance on property made or issued in this state, or made or issued
upon any property in this state, shall be enforceable except for the
benefit of some person having an insurable interest in the property
insured. In this article, "insurable interest" shall include any lawful
and substantial economic interest in the safety or preservation of
property from loss, destruction or pecuniary damage.