The process by which a life insurance policyholder can transfer all rights, title and interest- under a policy contract to a third person is known as [IBPS 2013]

The process by which a life insurance policyholder can transfer all

1.	The process by which a life insurance policyholder can transfer all rights, title and interest- under a policy contract to a third person is known as [IBPS 2013]
A.	Assignment of the policy
B.	Hypothecation of the policy
C.	Reinvestment of the policy
D.	Negotiation of the policy
E.	Nomination of the policy
Answer» B. Hypothecation of the policy

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The process by which a life insurance policyholder can transfer all rights, title and interest- under a policy contract to a third person is known as [IBPS 2013]

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