Final answer:
A Property Policy may be assigned to another person typically with the written consent of the insurance company, provided there is no increase in hazard and the assignee agrees to pay the premium for the unexpired term.
Step-by-step explanation:
The question asks about the conditions under which a Property Policy may be assigned to another person. In the context of insurance, assignments often require specific conditions to be met due the nature of the contract and the risks associated. A property policy may typically be assigned with the written consent of the insurance company, ensuring that the insurer is aware of the new party and agrees to transfer the policy responsibilities and benefits. Additionally, such an assignment often stipulates that there should be no increase in hazard - meaning that the risk associated with the policy should not rise as a result of the transfer. The assignee must also agree to pay the remaining premium for the unexpired term of the policy to maintain coverage. The option suggesting assignment any time upon transfer is tempting but misleading, as insurers will typically want to review and consent to any transfer of the policy to assess risks and ensure proper continuation of the policy.