Question
a.
An absolute assignment transfers only some rights of the assignor, while a conditional assignment transfers all rights.
b.
An absolute assignment creates an immediate vested interest, while a conditional assignment creates a contingent interest.
c.
An absolute assignment is revocable, while a conditional assignment is irrevocable.
d.
An absolute assignment vests the policy in the assignor, while a conditional assignment vests the policy in the assignee.
Posted under IC 14 Regulations of Insurance Business
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Q. What is the main difference between absolute and conditional assignments under the Act?
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