CCQ-1991 - Civil Code of Québec

Section 2462 Disposition versions

2015-11-01

2462. The assignment of insurance confers on the assignee all the rights and obligations of the assignor and entails the revocation of the designation of a revocable beneficiary and of a subrogated policyholder.

However, a hypothec charging a right under a contract of insurance confers rights on the hypothecary creditor only to the extent of the balance of the claim, interest and accessories; it entails revocation of the designation of a revocable beneficiary and of a subrogated policyholder only with respect to those amounts.

1991, c. 64, a. 2462; I.N. 2014-05-01; I.N. 2015-11-01.

2014-05-01

2462. The assignment of insurance confers on the assignee all the rights and obligations of the assignor and entails the revocation of any revocable designation of a beneficiary and of any designation of a subrogated policyholder.

However, a hypothec charging a right under a contract of insurance confers on the hypothecary creditor only a right to the balance of the claim, interest and accessories; it entails revocation of the revocable designation of the beneficiary and of the subrogated policyholder only with respect to those amounts.

1991, c. 64, a. 2462; I.N. 2014-05-01.

1994-01-01

2462. The assignment of insurance confers on the assignee all the rights and obligations of the assignor and entails the revocation of any revocable designation of a beneficiary and of any designation of a subrogated policyholder.

The hypothecation of a right arising out of a contract of insurance confers on the hypothecary creditor only a right to the balance of the debt, interest and accessories and entails revocation of the revocable designation of the beneficiary or the subrogated policyholder only in respect of those amounts.

1991, c. 64, a. 2462.