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.
Cal. Ins. Code § 304
Insurable Interest: Effect of Transfer
Applied in 3 court decisions — leading case California Compensation & Fire Co. v. Industrial Accident Commission (1965)
Most recently applied in California Compensation & Fire Co. v. Industrial Accident Commission (March 1965)
Enacted by Stats. 1935, Ch. 145.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.