PACIFIC BUSINESS CONNECTIONS, INC v. ST. PAUL SURPLUS LINES INSURANCE COMPANY
Following the denial of its insurance claim, appellant Pacific Business Connections, Inc. (PBC) brought this action against its insurer, respondent St. Paul Surplus Lines Insurance Company (St. Paul). St. Paul asserted that it was required to cancel the insurance policy pursuant to Insurance Code section 673 (section 673) once it received notice from Premium Financing Specialists of California, Inc. (Premium), the company that financed the insurance premiums, that PBC had defaulted on its loan obligation. The trial court agreed, and granted St. Paul summary judgment. PBC appeals, contending that section 673 does not apply for a host of reasons.
Court are not convinced by any of PBCs arguments. Accordingly, Court affirm.
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