What Does Assignment Mean?

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What does Assignment mean? Read on to discover the definition & meaning of the term Assignment - to help you better understand the language used in insurance policies.

Assignment

Assignment

A transfer of legal rights under, or interest in, an insurance policy to another party. In most instances, the assignment of such rights can only be effected with the written consent of the insurer.

We hope the you have a better understanding of the meaning of Assignment.

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