Llqp module 2 vocab - Study guides, Class notes & Summaries
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LLQP Module 2 - Vocab.Test questions and answers 2023
- Exam (elaborations) • 4 pages • 2023
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LLQP Module 2 - Vocab.
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LLQP Module 2 – Vocab questions with correct answers
- Exam (elaborations) • 7 pages • 2023
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Absolute assignment Answer The transfer of all the rights of the original policy owner to another party, including the right to appoint a beneficiary 
 
basic promise Answer The promise in the policy that identified the life insured, the amount of the insurance payable, when and where that amount is payable, and to whom it is payable 
 
binding agreement Answer A legal contract between parties(participating people in the contract) that is enforceable by law 
 
case law Answer Common Law 
 
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