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

California § 303.

• 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. 5.: ARTICLE 5. Insurable Interest: Effect of Transfer

Text

A change of interest by will or succession, on the death of the insured, does not avoid insurance; and his interest in the insurance passes to the person taking his interest in the subject matter insured.

Legislative History

Enacted by Stats. 1935, Ch. 145.