Next of kin
Official trustee of the State
Insurer
Insured
✅ The correct answer is B.
A policy is affected under the MWP Act. If the policyholder does not appoint a special trustee to receive and administer the benefits under the policy, the sum secured under the policy become payable to the Official trustee of the State.
A policy is affected under the MWP Act. If the policyholder does not appoint a special trustee to receive and administer the benefits under the policy, the sum secured under the policy become payable to the Official trustee of the State.