What is the meaning of claim under an insurance policy?

a.

Any demand made by the policy holder on the insurer

b.

A demand to fulfil the third party

c.

A demand to fulfil the policyholder obligation

d.

A demand to fulfil the insurer obligations

Which one of the following is a means, whereby the beneficial interest, right and title under a policy gets transferred from the policyholder to the assignee?

a.

Selection.

b.

Assignment.

c.

Election.

d.

Nomination.