The policy has to be assigned in favour of the insurer
Such an assignment will not cancel the nomination already made
Both A & B
None of the above
✅ The correct answer is C.
Both the statements are correct.
The policy has to be assigned in favour of the insurer and such an assignment will not cancel the nomination already made.
Both the statements are correct.
The policy has to be assigned in favour of the insurer and such an assignment will not cancel the nomination already made.