General Insurance
What follows from an insurance policy being a personal contract?
Answer and explanation
Answer: D. A personal contract insures a particular person or interest, which is why assignment ordinarily needs the insurer's involvement or notice. Premium may be paid by another, cancellation is not a matter of physical attendance, and beneficiaries need not be relatives.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, personal contract
More general insurance questions
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