Answered step by step
Verified Expert Solution
Question
1 Approved Answer
special characteristic of an insurance policy is that it is a nontransferable contract. This principle means that insureds may not transfer or assign their insurance
special characteristic of an insurance policy is that it is a nontransferable contract. This principle means that insureds may not transfer or assign their insurance policies
Available answer options
Select only one option
A
Except when directed to do so by the insurer.
B
Except at expiration of the policy.
C
Under any circumstances.
D
Unless the insurer agrees to the assignment.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started