Question

If Kenneth has the right to assign his benefits on his health contract, this means that he may:

a) Increase coverage limits
b) Change the policy term
c) Transfer policy ownership to another person
d) Cancel the policy at any time

Answer 1

Kenneth's right to assign benefits in his health contract allows him to transfer the ownership of the policy to another person. It does not involve changing coverage limits, policy terms, or cancelation rights. Correct option is c)

Step-by-step explanation:

If Kenneth has the right to assign his benefits on his health contract, this means that he may transfer policy ownership to another person. When it comes to insurance policies, particularly health insurance, the assignment of benefits is a legal transfer of the policyholder's right to collect insurance benefits. This assignment does not increase coverage limits, change the policy term, or allow the policy to be canceled at any time. These are separate policy actions that often require different procedures or agreements with the insurance provider.