Question

How can a nomination be made effectual according to Section 39(2)?

a.

By mailing a letter to the beneficiary.

b.

By orally informing the insurer.

c.

By endorsing the nomination on the policy and registering it with the insurer.

d.

By publishing it in a national newspaper.

Posted under IC 14 Regulations of Insurance Business

Answer: (c).By endorsing the nomination on the policy and registering it with the insurer. Explanation:Any nomination, to be effectual, shall be made by an endorsement on the policy communicated to the insurer and registered by him in the records relating to the policy.

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Q. How can a nomination be made effectual according to Section 39(2)?
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