Insurance
Sep. 21, 2001
Right of Succession
The transfer of assets and liabilities from one corporation to another may give rise to the transfer of insurance benefits by operation of law. Under this doctrine, the sale of a business will result in the transfer of insurance benefits due to that business, despite the presence of an anti-assignment clause in an insurance policy.
By Jordan Stanzler
The transfer of assets and liabilities from one corporation to another may give rise to the transfer of insurance benefits by operation of law. Under this doctrine, the sale of a business will result in the transfer of insurance benefits due to that business, despite the presence of an anti-a...
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