n NISM Certifications
NSM General NISM
Medium

Can a life insurance policy be partially assigned?

Practice question from IC 38 Mock Test 8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Yes, it can be assigned wholly or partially

    Correct answer

  2. B

    No, it can only be assigned in full

  3. C

    Partial assignment is allowed only with insurer consent

  4. D

    Partial assignment is not permitted by law

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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