[1505–15; < Middle French damnifier, Old French < Late Latin damnificāre, derivative of Latin damnificus harmful =damn(um) damage + -ificus (see -i-, -fic)]
In this regard, the Insurance Code states that a person may have his property insured if his interest thereon or liability in relation thereto was of such nature that the contemplated peril might directly damnify said property.
Whereas, There are distracted perseons in some tounes, that are unruly, whereby not only the familyes wherein they are, but others suffer much damage by them, it is ordered by this Court and the authoritue thereof, that the selectment in all tounes where such persons are hereby impowred & injoyned to take care of all such persons, that they doe not damnify others.
[section] 10-1- 102(11) (2008) ("[I]nsurable interest in property means every interest in property or any relation thereto, or liability in respect thereof, of such a nature that contemplated peril might damnify the insured"); Nationwide Mut.