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 PO 2013)

The process by which a life insurance policyholder can transfer all ri

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 PO 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 PO 2013)

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