What is the term for the provision that prohibits transferring an insured's interest in a property insurance policy without consent from the insurance company?

The term that refers to the provision prohibiting the transfer of an insured's interest in a property insurance policy without the insurer's consent is "Assignment." This provision is crucial because it protects the insurance company from being obligated to cover risks associated with a new party that it did not underwrite. The concept of assignment ensures that the insurance contract remains tied to the original policyholder, who was evaluated and approved based on their risk profile when the policy was issued.

In contrast, subrogation pertains to the insurer's right to pursue a third party that has caused a loss to the insured. Exclusions are specific circumstances or events that are not covered by the policy, and reinsurance involves an insurer transferring portions of risk to another insurer. Therefore, these terms do not relate to the transfer of interest in a property insurance policy and highlight the unique aspect of the assignment provision in maintaining the integrity of the insurance agreement.