Which of the following is true about the parties to an insurance policy?

Question

Quizplus · Accepted Answer

Option A and B are both true. The insured and the owner may be the same person, and the owner and beneficiary may also be the same person. Option C is not true because the insurer and the insured cannot be the same person. Option D is false because the beneficiary can be changed during the period that the policy is in effect, provided the policy terms allow for it.

Which of the Following Is True About the Parties to an Insurance