A Policy is effected under Married Women's Property (M.W.P.) Act. If the Policy-Holder does not appoint a Special Trustee to receive and administer the Benefits under the Policy, the Sum, secured under the Policy, becomes Payable to --.
A)Next of Kin
B)Official Trustee of the State
C)Insurer
D)Insured

Question

Quizplus · Accepted Answer

Under the Married Women's Property (M.W.P.) Act, if the policyholder does not appoint a special trustee, the sum secured under the policy becomes payable to the Official Trustee of the State. This ensures that the benefits are properly managed and disbursed to the intended beneficiaries under the act.

A Policy Is Effected Under Married Women's Property (M