Question

Who usually has a right over the policy monies to the extent of their interest?

a.

The policyholder

b.

The assignor

c.

The distributor

d.

The insurer

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).The assignor Explanation:An assignor usually has a right over the policy monies to the extent of their interest.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Who usually has a right over the policy monies to the extent of their interest?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. How are insurance products typically sold in the market?

View solution

Q. What is one of the reasons why life insurance products are generally not given priority by individuals?

View solution

Q. What could be another reason for individuals not prioritizing life insurance products?

View solution

Q. How does the complexity of insurance products contribute to individuals not prioritizing them?

View solution

Q. What is NOT a factor contributing to individuals not prioritizing life insurance products?

View solution

Q. What is emphasized as necessary to meet the insurance needs of various segments of people?

View solution

Q. What type of insurance product would be typically suitable for a student?

View solution

Q. What is the recommended insurance product for retired employees?

View solution

Q. Which type of insurance product is suitable for single persons?

View solution

Q. What type of insurance product is recommended for borrowers?

View solution

Q. Which type of insurance product is suitable for casual workers or unorganized workers?

View solution

Q. Which statement accurately defines insurance?

View solution

Q. What is the purpose of insurance contracts?

View solution

Q. Who is eligible to enter into an insurance contract?

View solution

Q. What does insurable interest ensure?

View solution

Q. Why are insurance products mostly sold and rarely purchased?

View solution

Q. Who among the below is not allowed to buy an insurance product?

View solution

Q. Which of the below statement is false?

View solution

Q. Insurance is purchased to ________________________ .

View solution

Q. A contract of insurance concludes when _______________________ .

View solution
View All MCQs on IC 92 Actuarial Aspects of Product Development

Recommended Subjects

Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Mechanics of Materials

Unlock the principles of Mechanics of Materials with our specialized category. Dive...

Instrumentation Transducers

Master the art of instrumentation and transducers with our specialized category....

Mechatronics

Enter the world of integrated engineering systems with our Mechatronics category....

Textile Engineering

Explore the dynamic world of Textile Engineering with our specialized category. Delve...

Basic Chemical Engineering

Get a solid foundation in Chemical Engineering with our Basic Chemical Engineering...

Engineering Materials

Discover the building blocks of engineering with our Engineering Materials category....

Life Sciences

Delve into the diverse world of life sciences with our specialized category. Explore...

Automotive Engine Design

Embark on a thrilling exploration of Automotive Engine Design, where the intricacies...

Civil Engineering

Dive into the world of Civil Engineering with our specialized category. Explore the...