assignment of life policies
- assignment of life policies
Transfer of the legal right under a life assurance policy to collect the proceeds. Assignment is only valid if the life insurer is advised and agrees; life assurance is the only form of insurance in which the assignee need not possess an insurable interest In recent years policy auctions have become a popular alternative to surrendering endowment assurances In these auctions, a policy is sold to the highest bidder and then assigned to him or her by the original policyholder.
Big dictionary of business and management.
2014.
Look at other dictionaries:
assignment of life policies — Transfer of the legal right under a life assurance policy to collect the proceeds. Assignment is only valid if the life insurer is advised and agrees; life assurance is the only form of insurance in which the assignee need not possess an… … Accounting dictionary
assignment — as·sign·ment n 1: the act of assigning 2 a: a position, post, or office to which one is assigned b: a task assigned 3: a present transfer of property or rights absolute assignment: an assignment in which the transfer is complete and leaves the… … Law dictionary
Policies, activities and history of the Philippines in Spratly Islands — This article discusses the policies, activities and history of the Republic of the Philippines in the Spratly Islands. It also discusses the general feelings of Filipino people about the issue, causing this article to discuss some anti Chinese… … Wikipedia
Whole life insurance — Whole Life Insurance, or Whole of Life Assurance (in the Commonwealth), is a life insurance policy that remains in force for the insured s whole life and requires (in most cases) premiums to be paid every year into the policy. Contents 1 History… … Wikipedia
Transferable Insurance Policies - TIPS — A life insurance policy which allows for the transferable assignment of the benefactor. In a Transferable Insurance Policy, the owner sells the policy to an investor at a discount to the face value of the insurance. The purchaser, who becomes the … Investment dictionary
authorised person — A firm that is an authorised person under section 31 of the FSMA can be a person who has a Part IV permission to carry on one or more regulated activities as: an EEA firm qualifying for authorisation under Schedule 3 of the FSMA (EEA Passport… … Financial and business terms
nomination — The person to whom the proceeds of a life assurance policy should be paid as specified by the policyholder. See assignment of life policies … Big dictionary of business and management
Номинальный доход — (nominal yield) См.: доход (yield). Указание держателя полиса страхования жизни, определяющее лицо, которому должны быть выплачены накопления по страхованию. См.: передача полисов страхования жизни (assignment of life policies). Финансы. Толковый … Финансовый словарь
НАЗНАЧЕНИЕ — (nomination) Лицо, которому по указанию держателя полиса страхования жизни должны быть выплачены накопления по страхованию. См.: передача полисов страхования жизни (assignment of life policies). Бизнес. Толковый словарь. М.: ИНФРА М ,… … Словарь бизнес-терминов
назначение — Указание держателя полиса страхования жизни, определяющее лицо, которому должны быть выплачены накопления по страхованию. См.: assignment of life policies (передача полисов страхования жизни). [http://www.vocable.ru/dictionary/533/symbol/97]… … Справочник технического переводчика
