DIVISION 1. GENERAL RULES GOVERNING INSURANCE 100-1879.8›PART 1. THE CONTRACT 100-679.74›CHAPTER 2. Parties, Events, and Interests 150-305›ARTICLE 2. Parties to Contract: Mortgagor and Mortgagee 170-172

§ 170

California Insurance Code · 2018-11 edition · updated 2026-10-04 · California

Unless the policy otherwise provides, if a mortgagor of property effects insurance in his own name providing that the loss shall be payable to the mortgagee, or assigns a policy of insurance to a mortgagee, the insurance is deemed to be upon the interest of the mortgagor and the mortgagor does not cease to be a party to the original contract.

(Enacted by Stats. 1935, Ch. 145.)

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California Insurance Code

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