Section 170 Of Article 2. Parties To Contract: Mortgagor And Mortgagee From California Insurance Code >> Division 1. >> Part 1. >> Chapter 2. >> Article 2.

. 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.