California · Insurance Code

INS §172: If an insurer assents to the transfer of insurance from a mortgagor to a mortgagee, and, at the time of the assent, imposes further obligations on the assignee, the acts of the mortgagor cannot affect

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What this law says, in plain English

When an insurer agrees to transfer insurance from a mortgagor to a mortgagee and adds conditions at that time, the mortgagor's later actions cannot affect the mortgagee's insurance rights.

Read the full statutory text

If an insurer assents to the transfer of insurance from a mortgagor to a mortgagee, and, at the time of the assent, imposes further obligations on the assignee, the acts of the mortgagor cannot affect the rights of the assignee.

Verify at the official source: California legislative text

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