Section 135 - Assignment of rights under policy of insurance against fire : Transfer of Property Act, 1882

What is Assignment of rights under policy of insurance against fire? Section 135 of Transfer of Property Act, 1882

 

 

Section 135 of Transfer of Property Act 1882 : "Assignment of rights under policy of insurance against fire"

135. Every assignee by endorsement or other writing, 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.