Question
a.
Conditional assignment involves the transfer of policy rights without reversion, while absolute assignment allows reversion to the life assured.
b.
Conditional assignment is irrevocable, while absolute assignment can be changed at any time.
c.
Conditional assignment is only used for housing loans, while absolute assignment is for all other purposes.
d.
Conditional assignment requires the consent of the assignor, while absolute assignment does not.
Posted under IC38 Life Insurance Agent Exam
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Q. What is the main difference between conditional assignment and absolute assignment in life insurance?
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