Guam § 18307 - Open or Valued.
Full text of Guam Guam Code Annotated § 18307 — Open or Valued., with citation guidance and answers to common questions.
§ 18307. Open or Valued.
A policy is either:
(a) An open policy which is one wherein the value of
the subject matter is not agreed upon but is left to be
ascertained in case of loss. An open policy shall not be
written on real property for fire insurance or miscellaneous
insurance.
(b) A valued policy which is one containing on its face
an expressed agreement that the thing insured shall be
valued at a specified sum.
Frequently Asked Questions About Guam § 18307
What does Guam Code Annotated § 18307 cover?
Section 18307 ("Open or Valued.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 18307?
A common citation format is "Guam Code Annotated § 18307" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 18307 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.