SC Public Adjuster Practice Questions - South Carolina Public Adjuster Exam

What is 'assignment of benefits' (AOB)?

The transfer of insurance benefits from the policyholder to a third party, such as a contractor The assignment of a new insurance agent to a policy The transfer of a policy from one insurer to another The process of adding beneficiaries to a life insurance policy

Correct Answer:

The transfer of insurance benefits from the policyholder to a third party, such as a contractor

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