n NISM Certifications
NSM General NISM
Medium

When does policy ownership change through assignment?

Practice question from IC 38 Mock Test 19 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    When nomination is canceled

  2. B

    When assignee takes a loan

  3. When rights, title, and interest transfer to assignee

    Correct answer

  4. D

    When insurer provides a policy loan

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

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