ARTICLE 5. Insurable Interest: Effect of Transfer

Article 5 enacted by Stats. 1935, Ch. 145.

§§ 300–305 · 6 sections

• § 300 Except in the cases specified in the next four sections, and in the cases of life and disability insurance, a change of interest in any part of a subject…
• § 301 A change of interest in a subject insured, after the occurrence of an injury which results in a loss, does not affect the right of the insured to indemnity for…
• § 302 A change of interest in one or more of several distinct subjects, separately insured by one policy, does not avoid the insurance as to the others.
• § 303 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…
• § 304 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,…
• § 305 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…