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Can a benificary give up rights to the insurance and transfer it to another person?
Wiki User
∙ 17y ago
yes
Wiki User
∙ 17y ago
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What is the actual meaning of insurance?
The term insurance means the transfer of risk from one person to another, usually a company specializing in the insurance industry. You can transfer any type of risk be it the risk of wrecking your automobile, the risk of dying, the risk of a storm damaging your home. The type of risk dealt with in insurance is always the risk of financial loss.
Can you transfer insurance from one person to another?
Transferring from one name to other is totally forbidden as per Insurance Act in force as this would violate the basic principle of insurable interest and attract cancellation of policy.
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You have no right to transfer to another person until it has been transferred to you through an estate or a court order.
Can you transfer a debt to another person if that person agrees?
If the creditor agrees, yes.
How does one transfer music files to another person on the internet?
One can transfer music files to another person on the internet by attaching it onto an email and sending it to the person or sending a link to them from an instant messenger.
Can you transfer credit card balance to another carholders card?
Yes, you can transfer a balance from one person to another, preferably WITH their permission..
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Usually it is a person who already has college credits and wants to transfer them to another school.
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