Tag Archives | Problems on the Assignment of Life Insurance Policies

Contents: Preparation of Life Policy Account Preparation of Life Policy Account and Calculate Profit/Loss of the Insurance Holder Problems on the Assignment of Life Insurance Policies 1. Preparation of Life Policy Account: Mr. X makes an assignment to his creditors, Y & Co. against his debt of Rs. 5,000 (since he is unable to pay) on 1st Jan. 1985 of [...]