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Today General Knowledge(GK)
A clause that allows the transfer of rights under a policy from one person to another, usually by means of a written document is called____
A)
Arbitration
B)
Appraisal
C)
Automatic Treaty
D)
Assignment

Correct Answer : Option (D) - Assignment



Assignment is the means by which a life insurance policy holder can transfer rights of the policy to the assignee, in accordance with some terms and conditions.

Published On : June 2, 2021
Category : Insurance and Finance
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