Statute · California Insurance Code
Cal. Ins. Code § 304 — Insurable Interest: Effect of Transfer
Cal. Ins. Code § 304
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Ins. Code § 304 — Insurable Interest: Effect of Transfer is in force in the current edition of the Code, and nothing recorded condemns it.
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.