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:

Chlorophyll A

A type of chlorophyll that is the primary photosynthetic pigment in plants, allowing them to absorb light most efficiently.

Vascular Tissue

The specialized system of tubes and cells in plants that conduct water, nutrients, and sugars.

Desmosomes

Cell structures specialized for cell-to-cell adhesion, serving as anchoring junctions in areas of mechanical stress, such as skin and cardiac muscle.

Vascular Tissue

Plant tissue responsible for transporting water, nutrients, and sugars between different parts of the plant.