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    Question

    Process of transferring life insurance to

    another person is called _____ of policy.
    A Transfer Correct Answer Incorrect Answer
    B Assignment Correct Answer Incorrect Answer
    C Arrangement Correct Answer Incorrect Answer
    D Annulment Correct Answer Incorrect Answer
    E Combination Correct Answer Incorrect Answer

    Solution

    Interest in a life insurance policy can be transferred from the policyholder to a lender or relative by assignment of policy.

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