Answer: B. An insured borrows money from the bank and makes a collateral assignment of a part of the death benefit to secure the loan.
Explanation:
A collateral assignment allows a person to use their life insurance policy as collateral when taking out a loan. It is therefore based on a life insurance policy ownership, but isn't one itself.
It works by allowing the creditor to be able to get back whatever is owed to them when the debtor dies by claiming it from the proceeds of the debtor's life insurance policy.
The cows se pudren from inside out whats ur question
Answer:
Businesses can have economic,compliance,security and fraud,financial,reputation,operational and competition(or comfort) risks.
Explanation:
Legislative makes laws
Executive enforces them
Judicial determines if/when laws have been broken
