Hilda enters into a contract with Indemnity Insurance Company that designates Hilda's daughter Jackie as the beneficiary. Jackie's rights under the contract will vest
A) automatically.
B) never.
C) if Hilda attempts to change the beneficiary.
D) on the occurrence of the event for which the insurance was procured.

Question

Quizplus · Accepted Answer

Jackie's rights as a beneficiary will vest upon the occurrence of the event for which the insurance was procured, such as Hilda's death, as that is when the insurance benefits become payable to the beneficiary.

Hilda Enters into a Contract with Indemnity Insurance Company That