Health Insurance

ID #1142

Why there is no hypothecation on Health and Personal Accident policies.

hypothecation is generally allowed on assets and security.

Insurance is not your right and it's reimbursement of expenses which you have incurred and hence you can't hypothecate the health or PA policy

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Last update: 2011-03-25 02:36
Author: Asheesh
Revision: 1.0

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