Question

When is a nomination effectual?

a.

When it is mentioned in the text of the policy.

b.

When it is communicated to the insurance company and registered in their records.

c.

When the nominee agrees to it.

d.

When the life assured requests it.

Answer: (b).When it is communicated to the insurance company and registered in their records. Explanation:A nomination is effectual when it is communicated to the insurance company and registered in their records.

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Q. When is a nomination effectual?

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