2 results for “General Electric”
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Court case · Delaware Supreme Court · September 12, 2016 · in the opinion
In re Viking Pump, Inc. (2016)
As a general principle, a clause restricting assignment does not in any way limit the policyholder's power to make an assignment of the rights under the policy — consisting of the right to receive the proceeds…
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Court case · Delaware Court of Chancery · October 14, 2009 · in the opinion
Viking Pump, Inc. v. Century Indemnity Company (2009)
§ 35:7 (noting that the "the great majority of courts adhere to the rule that general stipulations in policies prohibiting assignments thereof except with the consent of the insurer apply only to assignments before loss, and…