Valuables and Collections Schedule

Source ledger

4 sources. Every citation number above resolves to a record below. Nothing here sits behind an account.

1. [1]

   Cal. Code Regs. tit. 10, section 2321 - Marine and/or Transportation Policies May Cover Under the Following Conditions(opens the original record on Cornell Legal Information Institute, reproducing the California Code of Regulations)

   Cornell Legal Information Institute, reproducing the California Code of RegulationsPrimary lawPrimaryJurisdiction CAThird-party reproductionLast checked August 31, 2026Updates: Part of the 1954 Marine Insurance article. Check the official California Code of Regulations for later amendment.ID ca-ccr-tit-10-2321

   What this source supports (6)

   • The section has five top-level subdivisions and no subdivision (f): (a) Imports, (b) Exports, (c) Domestic Shipments, (d) Bridges, tunnels and other instrumentalities of transportation and communication, and (e) Personal Property Floater Risks.
   • The commercial floater type items sit inside subdivision (e)(2) rather than in a separate commercial group. Fine Arts Floaters and Stamp and Coin Floaters appear at (e)(2)(A), Installation risks at (e)(2)(L), Mobile Articles, Machinery and Equipment Floaters at (e)(2)(M), property in transit to or from and in the custody of bailees at (e)(2)(N), and Accounts Receivable Policies and Valuable Papers and Records Policies at (e)(2)(R).
   • The installation risk item provides that coverage terminates when the interest of the insured seller or installer ceases, or in no case later than when the property has been accepted as satisfactory, whichever first occurs.
   • The Mobile Articles, Machinery and Equipment Floaters item excludes motor vehicles designed for highway use.
   • The bailee item names bailee examples including bleacheries, throwsters, fumigatories, dyers, cleaners, laundries and similar bailees, and needleworkers.
   • The fine arts item describes objects of art such as pictures, statuary, bronzes and antiques, and rare manuscripts and books.

   Re-fetched 2026-08-31 with a prompt asking specifically for the top-level subdivision letters. The page returned five top-level subdivisions, (a) through (e), with no (f), and confirmed that the installation risk, mobile articles, bailee, fine arts and accounts receivable items all sit under (e)(2). An earlier draft of this bundle claimed six top-level categories ending in commercial property floater risks; that claim was wrong and has been corrected. A second earlier claim, describing the prohibited coverage list, was removed from this source because that list is in section 2322, which now has its own source entry. Effective: 1954-01-01

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2. [2]

   Cal. Code Regs. tit. 10, section 2322 - Prohibited Coverage (Marine Insurance article)(opens the original record on Cornell Legal Information Institute, reproducing the California Code of Regulations)

   Cornell Legal Information Institute, reproducing the California Code of RegulationsPrimary lawPrimaryJurisdiction CAThird-party reproductionLast checked August 31, 2026Updates: Part of the 1954 Marine Insurance article. Check the official California Code of Regulations for later amendment.ID ca-ccr-tit-10-2322

   What this source supports (8)

   • The section is headed Prohibited Coverage and has six lettered items, (a) through (f).
   • Item (a) is storage of the assured's merchandise, except as hereinbefore provided.
   • Item (b) is merchandise in course of manufacture, the property of and on the premises of the manufacturer.
   • Item (c) is furniture and fixtures and improvements and betterments to buildings.
   • Item (d) concerns merchandise in permanent location sold under partial payment, contract of sale, or installment sales contract, and purchaser protection after the seller's interest ends.
   • Item (e) is moneys and/or securities in safes, vaults, safety deposit vaults, banks or the assured's premises, except while in course of transportation.
   • Item (f) concerns risks of fire, windstorm, sprinkler leakage, earthquake, hail, explosion, riot and/or civil commotion on buildings, structures, wharves and fixed real property.
   • Two of these six items, (d) and (f), have no counterpart in the four exceptions listed in Section 3 of NAIC Model MO-701.

   New source entry added 2026-08-31. Fetched and the heading Prohibited Coverage and all six lettered items returned. This content was previously and incorrectly folded into the section 2321 source. Same reproduction caveat as the other Cornell LII entries: this is not the official California publisher and shows no amendment history. The final claim is a comparison between two documents both fetched for this bundle, not a statement made by either one. Effective: 1954-01-01

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3. [3]

   NAIC Model MO-701, Nationwide Inland Marine Definition (NAIC Model Laws, Regulations, Guidelines and Other Resources)(opens the original record on National Association of Insurance Commissioners)

   National Association of Insurance CommissionersStandards bodyPrimaryJurisdiction USLast checked August 31, 2026Updates: Amended rarely. The model's own Chronological Summary of Actions shows substantive actions only in the 1933, 1953 and 1977 NAIC Proceedings. The July 1996 date in the page header is the NAIC compilation and copyright date, not a substantive revision date.ID naic-model-701-nationwide-inland-marine-definition

   What this source supports (17)

   • The instrument is titled NATIONWIDE INLAND MARINE DEFINITION and is designated MO-701 in the NAIC Model Laws, Regulations, Guidelines and Other Resources compilation, with a July 1996 header and a 1996 NAIC copyright line.
   • The table of contents lists Section 1 Purpose, Section 2 Applicability, and Section 3 Exceptions.
   • Section 1 states that the purpose of the instrument is to describe the kinds of risks and coverages which may be classified or identified under state insurance laws as marine, inland marine or transportation insurance, but that it does not include all of the kinds of risks and coverages which may be written, classified or identified under those insuring powers.
   • Section 1 states that the instrument shall not be construed to mean that the kinds of risks and coverages are solely marine, inland marine or transportation insurance in all instances.
   • Section 1 states that the instrument shall not be construed to restrict or limit in any way the exercise of any insuring powers granted under charters and license.
   • Section 2 opens with the words that marine or transportation policies may cover under the following conditions, and organizes the conditions into six lettered groups: A. Imports, B. Exports, C. Domestic Shipments, D. Bridges, Tunnels and Other Instrumentalities of Transportation and Communication, E. Personal Property Floater Risk covering individuals and/or generally, and F. Commercial Property Floater Risks covering property pertaining to a business, profession or occupation.
   • Group D excludes buildings, their improvements and betterments, furniture and furnishings, fixed contents and supplies held in storage, and then lists six items: bridges, tunnels and other similar instrumentalities including auxiliary facilities and equipment; piers, wharves, docks, slips, dry docks and marine railways; pipelines, excluding property at manufacturing, producing, refining, converting, treating or conditioning plants; power transmission and telephone and telegraph lines, excluding property at generating, converting or transforming stations, substations and exchanges; radio and television communication equipment in use as such including towers and antennae; and outdoor cranes, loading bridges and similar equipment used to load, unload and transport.
   • Group E lists thirteen personal property floater items, including Personal Effects Floater Policies, the Personal Property Floater, Government Service Floaters, Personal Fur Floaters, Personal Jewelry Floaters, Wedding Present Floaters for not exceeding ninety days after the date of the wedding, Silverware Floaters, Fine Arts Floaters at E.8, Stamp and Coin Floaters, Musical Instrument Floaters, Mobile Articles Machinery and Equipment Floaters at E.11, Installment Sales and Leased Property Policies, and Live Animal Floaters.
   • Section 2.F.9 permits Builders Risks or Installation Risks covering the interest of owner, seller or contractor against loss or damage to machinery, equipment, building materials or supplies being used with and during the course of installation, testing, building, renovating or repairing, and permits the policies to cover at points or places where work is being performed, while in transit, and during temporary storage or deposit of property designated for and awaiting specific installation, building, renovating or repairing.
   • Section 2.F.9 further states that coverage shall be limited to Builders Risks or Installation Risks where perils in addition to Fire and Extended Coverage are to be insured.
   • Section 2.F.9 provides that if written for account of owner the coverage shall cease upon completion and acceptance, and that if written for account of a seller or contractor the coverage shall terminate when the interest of the seller or contractor ceases.
   • Section 2.F.10 permits Mobile Articles, Machinery and Equipment Floaters covering identified property of a mobile or floating nature, not on sale or consignment, or in course of manufacture, which has come into the custody or control of parties who intend to use the property for that for which it was manufactured or created. The item excludes motor vehicles designed for highway use, auto homes, trailers and semi-trailers except when hauled by tractors not designed for highway use, and snow plows constructed exclusively for highway use, and states that the policies shall not cover furniture and fixtures not customarily used away from premises where the property is usually kept.
   • Section 2.F.11 permits coverage of property in transit to or from and in the custody of bailees not owned, controlled or operated by the bailor, and states that the policies shall not cover the bailee's property at his or her premises.
   • Section 2.F.15 permits Accounts Receivable Policies and Valuable Papers and Records Policies. Section 2.F.18 permits Fine Arts Policies covering paintings, etchings, pictures, tapestries, art glass windows and other bona fide works of art of rarity, historical value or artistic merit, for account of museums, galleries, universities, businesses, municipalities and other similar interests. Section 2.F.21 permits Domestic Bulk Liquids Policies, Section 2.F.22 permits Difference in Conditions Coverage excluding fire and extended coverage perils, and Section 2.F.23 permits Electronic Data Processing policies.
   • Section 3 (Exceptions) provides that unless otherwise permitted, nothing in the foregoing shall be construed to permit marine or transportation policies to cover four things: A. storage of the assured's merchandise, except as hereinbefore provided; B. merchandise in course of manufacture, the property of and on the premises of the manufacturer; C. furniture and fixtures and improvements and betterments to buildings; and D. monies or securities in safes, vaults, safety deposit vaults, bank or assured's premises, except while in the course of transportation.
   • The document's Chronological Summary of Actions lists three entries: 1933 Proceedings pages 121-127 (adopted); 1953 Proceedings II pages 555-560 and 561-572 (amended and reprinted); and 1977 Proceedings I pages 26, 28, 666 and 667-671 (amended and reprinted).
   • The words contractors equipment, motor truck cargo, trip transit and job site do not appear anywhere in the document. The only occurrences of the word contractors and the word cranes are in Garment Contractors Floaters at Section 2.F.13 and outdoor cranes at Section 2.D.6.

   Re-fetched and re-verified 2026-08-31. The URL returns a live 161 KB PDF. WebFetch could not read the compressed streams, so the file was downloaded and its FlateDecode streams inflated locally, and the extracted text read directly. Every claim above was matched against that extracted text. Two claims that appeared in an earlier draft of this bundle were removed because the document does not contain them: that Section 2.F.10 is the classification bucket contractors equipment falls into (an industry inference, not text in the model), and a rendering of group E as Personal Property Floater Risks rather than the actual heading Personal Property Floater Risk covering individuals and/or generally. The Section 2.F.9 limitation sentence and the Section 2.F.10 exclusions were added because omitting them overstated the breadth of those classes. Published: 1996-07-01

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4. [4]

   Cal. Code Regs. tit. 10, section 2320 - Effective Date; Construction of Provisions (Marine Insurance article)(opens the original record on Cornell Legal Information Institute, reproducing the California Code of Regulations)

   Cornell Legal Information Institute, reproducing the California Code of RegulationsPrimary lawPrimaryJurisdiction CAThird-party reproductionLast checked August 31, 2026Updates: The article carries a 1954 effective date. This reproduction shows no amendment history, so check the official California Code of Regulations before relying on currency.ID ca-ccr-tit-10-2320

   What this source supports (3)

   • The section is headed Effective Date; Construction of Provisions and states that the article is effective January 1, 1954 and supersedes former sections 2320, 2321 and 2322.
   • The section states that where provisions substantially match the superseded sections they shall be construed as restatements and continuations of those provisions and not as new provisions.
   • The page places the article at title 10 (Investment), chapter 5 (Insurance Commissioner), subchapter 3 (Insurers), article 5 (Marine Insurance).

   Re-fetched 2026-08-31; page live and the heading and effective-date sentence returned. This is a Cornell LII reproduction, not the official California publisher, and it displays no amendment history. It therefore establishes the 1954 effective date and the supersession language and nothing about whether the text has been amended since. The official California Code of Regulations host is not reachable from this environment. Effective: 1954-01-01

   ActiveReproduction