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Current as of January 01, 2024 | Updated by Findlaw Staff
If an insurer assents to the transfer of an insurance contract from a mortgagor to a mortgagee and at the time of the insurer's assent imposes further obligations on the assignee, making a new contract with the assignee, the acts of the mortgagor cannot affect the mortgagee's right under the insurance.
Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-29-30. New contract on transfer of insurance on mortgaged property--Effect of mortgagor's acts - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-29-30/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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