Policy Assignment

Assignment of Life Policies
A transfer of the legal right under a life-assurance policy to collect the proceeds, initiated by notifying and receiving agreement from the life insurer.
Insuring Agreement, Property and Casualty Policy
The section of a property and casualty insurance policy that details the parties involved, policy duration, premium requirements, insurance limits, insured property specifics, considerations, covered perils, and policy assignment conditions.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.