Policy Structure & Provisions第 472 / 474 题
The assignment condition provides that an insured who sells the home may hand the policy to the buyer:
a.At any time before the policy expires
b.Once the buyer's premium check clears
c.By recording the deed at the courthouse
d.Only with the insurer's written consent
解析
Insurance is a personal contract written on a particular insured, so the policy cannot be assigned to someone else without the insurer's written consent; the buyer is a different risk the underwriter has never seen. Recording a deed transfers the property, not the contract of insurance, and paying a premium does not make a stranger the insured. In practice the buyer arranges a policy of their own.
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