Cal. INS § 300
This is the official text of Cal. INS § 300, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
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 insured, unaccompanied by a corresponding change of interest in the insurance, suspends the insurance to an equivalent extent until the interest in the subject and the interest in the insurance are vested in the same person.
Status: in_force · Read it on the official government site
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