To render an insurance effected by one partner or part-owner applicable to the interest of his copartners, or of other part-owners, it is necessary that the terms of the policy should be such as are applicable to the joint or common interest.
Cal. Ins. Code § 389
Definition and Scope
Applied in 1 court decision — leading case 28 F. Supp. 3d 1110 - McAdam v. State National Insurance (2014)
Most recently applied in 28 F. Supp. 3d 1110 - McAdam v. State National Insurance (June 2014)
Enacted by Stats. 1935, Ch. 145.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.