Absolute Assignment - The policy vests absolutely with the assignee. The latter can deal with the policy in whatever manner he or she likes without the consent of the assignor
Assignment has to be by endorsement. Assignment notice should be in writing
Insurer should record and register assignment. Assignment should be supported by valuable consideration
Assignee can do another assignment. Assignment cancels nomination
Assignment - Wholly or partially. In case of a partial assignment, liability of an insurer shall be limited to the amount secured by partial assignment.
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