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

California § 304.

• 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

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.

Legislative History

Enacted by Stats. 1935, Ch. 145.