Question

Sec.131 of the Insurance Act 1938
Sec. 38 of the Insurance Act 1938
Sec. 45 of the Insurance Act 1938
Sec. 41 of the Insurance Act 1938

Answer 1

Answer:

Assignment or transfer of a Policy should be in accordance with Section 38 of the Insurance Act, 1938 as amended from time to time. ... An Assignment may be effected in a Policy by an endorsement upon the Policy itself or by a separate instrument under notice to the Insurer.

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