The financial interest of the insured in an insurance pol...
The financial interest of the insured in an insurance policy is the
subject matter of insurance
subject matter of the contract
assignment of the contract
deed of the contract
Correct answer is C
An assignment of contract occurs when one party to an existing contract (the "assignor") hands off the contract's obligations and benefits to another party (the "assignee"). Ideally, the assignorwants the assignee to step into his shoes and assume all of his contractual obligations and rights.
A clause that prevents the insurer from paying under a policy if the insured killed himself is? ...
Life policies can be used as a collateral for loan when the policy has? ...
one of the difference between contract of life assurance and non life insurance is? ...
A primary function of insurance is the? ...