Question

What type of assignment is valid only if the specified event happens during the lifetime of the life assured?

a.

Conditional

b.

Unconditional

c.

Both of the above

d.

None of the above.

Answer: (a).Conditional Explanation:A conditional assignment shall be valid only if the specified event happens during the life time of the life assured.

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Q. What type of assignment is valid only if the specified event happens during the lifetime of the life assured?

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