direct action statute

California Insurance Code §11580(b) construes liability policies to provide that the policyholder’s “bankruptcy . . . will not release the insurer from the payment of damages” and that where a “judgment is secured against the insured . . . based upon bodily injury . . . or property damage, then an action may be brought against the insurer . . . by such judgment creditor [ie. victorious plaintiff] to recover on the judgment.”

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