A) Assignment of the policy
B) Reinvestment of the policy
C) Hypothecation of the policy
D) Negotiation of the policy
E) Nomination of the policy
Correct Answer: A
Solution :
Assignment is a means whereby the beneficial interest, right and title under a policy gets transferred from the assignor to the assignee. Assignor is the policyholder who transfers the title and 'Assignee is the person who derives the title from the assignor. It can be done only for consideration- for money or money's worth or good, moral and meritorious consideration like, love and affection.
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