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Total questions: 7
Worksheet time: 4mins
How many types of assignment
2
1
Which of the following parties in an assignment contract grants the ownership to another person
Assignor
Assignee
Which of the following is true of an Absolute assignment
The assignment is irrevocable
Ownership will later revert to the assignor
After assignment how nomination works
Automatically cancelled
No change in nomination
Ravi wants to assign policy to him family member in move and affection what are the mandatory requirements are
Assignee name addesss place of birth
Assignee name and photo
Assignee name DOB and relationship
In case policyholder has signed form.in vernacular language than declaration required
True
False
The signature of the assignor assignee and witness along with with date and place is mandatory on the declaration section
Yes
No
