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 the subject matter insured.
Cal. Ins. Code § 305
Insurable Interest: Effect of Transfer
Applied in 3 court decisions — leading case 238 Cal. App. 2d 408 - Gillis v. Sun Insurance Office, Ltd. (1965)
Most recently applied in 258 Cal. App. 2d 35 - Pacific Indemnity Co. v. Workmen's Compensation Appeals Board (January 1968)
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.