Assignment reversal endorsement
Where an insurance policy assignment has been reversed, the reversal must be endorsed on the back of the policy — if it is not registered, it may affect the nominees' rights to receive the policy money.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series XVII← All terms