nontransferability provisions
Nontransferability provisions refer to clauses found in professional liability policies indicating that an insured cannot transfer coverage to a noninsured without the insurer's approval.
nontransferability provisions
Nontransferability provisions refer to clauses found in professional liability policies indicating that an insured cannot transfer coverage to a noninsured without the insurer's approval.
Additional Information
For example, attorney A who sells their practice to B cannot transfer coverage under their professional liability policy to B without the assent of their insurer. This is because professional liability insurance is a "personal" contract.
