§ 170. — 170. (Enacted by Stats. 1935, Ch. 145.)

California § 170.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 1.: DIVISION 1. GENERAL RULES GOVERNING INSURANCE
• Part 1.: PART 1. THE CONTRACT
• Ch. 2.: CHAPTER 2. Parties, Events, and Interests
• Art. 2.: ARTICLE 2. Parties to Contract: Mortgagor and Mortgagee

Text

Unless the policy otherwise provides, if a mortgagor of property effects insurance in his own name providing that the loss shall be payable to the mortgagee, or assigns a policy of insurance to a mortgagee, the insurance is deemed to be upon the interest of the mortgagor and the mortgagor does not cease to be a party to the original contract.

Legislative History

Enacted by Stats. 1935, Ch. 145.