Once an absolute assignment is effected under a life insurance policy, who will be the titleholder(s) of this policy?

A The assignor in all cases
B The assignee in all cases
C Either the assignor or assignee depending on the type of policy involved
D The assignor and assignee jointly

Correct Answer: The assignee in all cases

Once an absolute assignment is effected under a life insurance policy, The assignee in all cases will be the titleholder(s) of this policy. Transfer by the holder of a life insurance policy (the assignor) of the benefits or proceeds of the policy to a lender (the assignee), as a collateral for a loan.
Bissoy MCQ
#Commerce #Insurance

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