n NISM Certifications
NSM General NISM
Medium

How should the transfer of title be documented in an assignment?

Practice question from IC 38 Mock Test 15 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    It should be mentioned in the policy application form.

  2. B

    It should be communicated verbally to the insurer.

  3. It should be specifically set forth in the form of an endorsement on the policy or a separate instrument

    Correct answer

  4. D

    It should be registered with the insurance regulatory authority.

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

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