How to transfer my Location License Key to a replacement Hub.

Yes!

Please refer to this article for license transfer conditions.

The "non-transferable" policy is to ensure that a License Key cannot be "re-sold".

NB: We cannot migrate or transfer your Panel configurations, unfortunately, because Tiles are linked to the "device IDs" which are uniquely regenerated by SmartThings when you move them to another Hub. When SmartThings adds migration tools, we hope to follow closely behind them.