Cal. Insurance Code § 304 : California Insurance Code — General Rules Governing Insurance — Parties, Events, And Interests — Insurable Interest: Effect Of Transfer — Jointly insured partners, joint owners or owners in common

Current through the 2016 Legislative Session

In the case of partners, joint owners, or owners in common, who are jointly insured, a transfer of interest by one to another thereof does not avoid insurance, even though it has been agreed that the insurance shall cease upon an alienation of the subject insured.