Nontransferability Provisions

1 minuteread by Gary Huddleston

Nontransferability Provisions — clauses found in professional liability policies indicating that an insured cannot transfer coverage to a noninsured without the insurer’s approval. For example, attorney A who sells his practice to B cannot transfer coverage under his professional liability policy to B without the assent of his insurer. This is because professional liability insurance is a “personal” contract.

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1 minuteread by Gary Huddleston

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