Section 300 Of Article 5. Insurable Interest: Effect Of Transfer From California Insurance Code >> Division 1. >> Part 1. >> Chapter 2. >> Article 5.

. 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.