Section 135 of Transfer of Property Act - Assignment of rights under marine or fire policy of insurance

Section 135 Transfer of Property Act Description

Every assignee, by endorsement or other writing, of a policy of marine insurance or of a policy of insurance against fire, in whom the property in the subject insured shall be absolutely vested at the date of the assignment, shall have transferred and vested in him all rights of suit as if the contract contained in the policy had been made with himself.

Click here to read more from the Transfer of Property Act