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In respect of Assignment which of the following is correct?
Answer & Solution
Correct Answer:
Option
C
In respect of Assignment the following are correct are Assignee becomes owner of the policy and Assignee cannot have better rights than assignor.
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LoginA) 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