Article 960: Transfer of rights to insured property to another person

When the rights to insured property are transferred from the person for whom the insurance contract was issued to another person, the rights and obligations under the contract are transferred to the person to whom the insurance agreement was transferred. The right to property, except for the compulsory seizure of property on the grounds specified in article 235, paragraph 2, of the present Code and the waiver of the right to property (art. 236). The right to insured property has been transferred, and the insured person must be notified in writing without delay.