A policy is affected under the MWP Act If the policyholder...

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A policy is affected under the MWP Act. If the policyholder does not appoint a special trustee to receive and administer the benefits under the policy, the sum secured under the policy become payable to the _________

A. Next of kin

B. Official trustee of the State

C. Insurer

D. Insured

Answer: Option B

Solution (By Examveda Team)

A policy is affected under the MWP Act. If the policyholder does not appoint a special trustee to receive and administer the benefits under the policy, the sum secured under the policy become payable to the Official trustee of the State.

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A policy is affected under the MWP Act. If the policyholder does not appoint a special trustee to receive and administer the benefits under the policy, the sum secured under the policy become payable to the _________

Solution (By Examveda Team)

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