Which of the Following Statements About the Assignment of a Life

question 52

Multiple Choice

Which of the following statements about the assignment of a life insurance policy is true?

• A)The insurer must be notified of any assignment or the death proceeds will be paid to the named beneficiary.
• B)Under an absolute assignment,the only right transferred to a new owner is the right to change the beneficiary designation.
• C)As long as a collateral assignment exists,a creditor will receive the entire death benefit even if the loan has been repaid.
• D)Assignment may be made only with the permission of the insurer and the beneficiary.

---

Definitions:

Layout Design

Layout Design refers to the arrangement of physical facilities such as machinery, equipment, and furniture within a workspace to optimize workflow and productivity.

Maintenance

The activities involved in keeping a system’s equipment in working order.

Quick Response

A strategy aimed at reducing lead times within the production and distribution systems to improve service levels and reduce costs.

Raw Material

Basic substances or components that are processed or transformed into finished goods through manufacturing or production.