Is it a breach of contract if the loan and auto insurance specifically agree not to add the beneficiary?
There is no breach of contract. According to the relevant public information, a special agreement must be added when the loan is used to buy a car or insurance, that is, the first beneficiary is the loan bank. Beneficiary, also known as insurance beneficiary, refers to the person designated by the insured or the insured in the insurance contract and has the right to claim compensation when the insurance accident occurs.