Multiple choice

Transfer of actionable claim has exception under Section130 Transfer of Property Act.

  1. It does not apply to transfer of life insurance policy.

  2. It does not apply to the transfer of marine or fire policy.

  3. It does not apply to vehicle insurance policy.

  4. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Exception of Section 130 of Transfer of property Act, 1882, nothing in this section applies to the transfer of a marine or fire policy of insurance or affects the provisions of Section 38 of the Insurance Act, 1938.