Most Asked

There are three Types of assignment:

a. Absolute assignment is the transfer of the entire right, title and interest in the policy to the assignee.

b. Conditional assignment is the transfer of the right, title and interest subject to the fulfillment of a condition/event.

c. Partial Assignment is the transfer of benefits to the extent of Creditor’s interest.

Other Questions

Assignment means the transfer of the beneficial interest, right and title under the policy either absolutely, partially or conditionally by the assignor to the assignee.

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