Question
a.
The policyholder can nominate only one person.
b.
The policyholder can nominate multiple persons, and they will share the policy money equally.
c.
The policyholder can choose whether the nominee will collect the money on behalf of the legal representatives or be the absolute owner of the money.
d.
The policyholder can nominate a collector nominee only.
Posted under IC 14 Regulations of Insurance Business
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Q. According to the Law Commission's recommendations, what option should be given to the policyholder regarding the nominee?
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