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Home Q & A Board Other Fields Homework Help Business Insurance
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JamesLu JamesLu
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7 years ago
Which of the following statements about the ownership of a life insurance policy is (are) true?
I.   Under the ownership clause, the policyholder and beneficiary equally share all contractual rights in the policy while the insured is living.
II.   The policyholder can designate a new owner by filing an appropriate form with the insurance company.
A) I only
B) II only
C) both I and II
D) neither I nor II
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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ownzore3ownzore3
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7 years ago
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JamesLu Author
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#2
6 years ago
Honestly you're the best
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