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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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