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
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Related Questions on Insurance
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