Generally insurance contracts require a first party with an insurable interest in an item to pay a second party to compensate the first party in the event of a future occurrence regarding that interest. So I, a first party, can pay an insurance firm, the second party, to pay me if my car is stolen. If my car then disappears but is found by a stranger to both of us, the insurance firm owes no payment to the stranger.
In the case of the Mandalay Jewel, it is not at all clear whether anyone has an insurable interest in the jewel, or whether anyone has purchased any sort of insurance for such an interest. From what little we know, it would appear that the jewel is treasure trove, in which case its disposition depends on the law of the jurisdiction it was found in, or if it can be moved to a jurisdiction more favorable to the possessor.
By the way, so far as I can tell this is the first instance of the Mandalay Jewel in the strip. How did Rip recognize it instantly?
Generally insurance contracts require a first party with an insurable interest in an item to pay a second party to compensate the first party in the event of a future occurrence regarding that interest. So I, a first party, can pay an insurance firm, the second party, to pay me if my car is stolen. If my car then disappears but is found by a stranger to both of us, the insurance firm owes no payment to the stranger.
In the case of the Mandalay Jewel, it is not at all clear whether anyone has an insurable interest in the jewel, or whether anyone has purchased any sort of insurance for such an interest. From what little we know, it would appear that the jewel is treasure trove, in which case its disposition depends on the law of the jurisdiction it was found in, or if it can be moved to a jurisdiction more favorable to the possessor.
By the way, so far as I can tell this is the first instance of the Mandalay Jewel in the strip. How did Rip recognize it instantly?