Property Insurance Is Not Assignable Without

question 42

Multiple Choice

Property insurance is not assignable without

• A) promise of indemnity.
• B) novation.
• C) consent of the insured.
• D) acceptance of new policy holder.
• E) subrogation.

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Definitions:

Special Assignments

tasks or projects assigned to employees that are outside their regular job responsibilities, often to address specific needs or goals.

Zero Sum Game

A zero-sum game is a situation in competitive settings where one party's gain is exactly balanced by the losses of other participants.

Person's Gain

Relates to the benefits or advancements a person realizes from a certain action or situation.

Person's Loss

Refers to the negative impact or detriment one experiences due to various reasons, such as job loss, demotion, or personal setbacks.