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In respect of Assignment which of the following is correct?

A. Assignee becomes owner of the policy

B. Assignee cannot have better rights than assignor

C. Both A & B

D. None of the above

Answer: Option C

Solution(By Examveda Team)

In respect of Assignment the following are correct are Assignee becomes owner of the policy and Assignee cannot have better rights than assignor.

This Question Belongs to Commerce >> Insurance

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Comments ( 1 )

  1. Christina Cosy
    Christina Cosy :
    4 years ago

    In case the premium payment is made by cheque then which of the following statement is true....

    A) The risk may be assumed on the date on which the cheque is posted

    B) The risk may be assumed on the date on which the cheque is deposited by the insurance company

    C)The risk may be assumed on the date on which the cheque is received by the insurance

    D) The risk may be assumed on the date on which the cheque is issued by the proposer

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