California Insurance Code 305 – The mere transfer of subject matter insured does not transfer the …
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The mere transfer of subject matter insured does not transfer the insurance, but suspends it until the same person becomes the owner of both the insurance and the subject matter insured.
(Enacted by Stats. 1935, Ch. 145.)
Terms Used In California Insurance Code 305
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19