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2428 Although insurance policies do not automatically transfer to one on whom successor liability is imposed, a de facto merger does pass the benefits of insurance policies of the predecessor entity to the successor entity.CitationWESTOIL v HARBOR INS (De Facto Merger) 73 CA4 634 [See: Ray v Alad 19 C3 22; Gen Acc v Superior Court 55 CA4 1444, T/AT 8/97; Quemetco v Pacific Auto 24 CA4 494, T/AT 6/94; Armstrong v Aetna 45 CA4 1, T/AT 6/96] |
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