ICC Digital Library Forum

Would an amendment by the assured of an insurance policy/cert. be qualified as the transfer of his rights hereunder to the endorsee, even though the document does not specifically state that it is assignable or negotiable or endorsable etc. ?
Regards
Antoine Samaha

Please read well :
Would an endorsement by the assured etc... (and not an amendment by the assured)
Antoine Samaha

Antoine,

as with a B/L, first determine who has the beneficial interest in the document. In other words, all insurance certs. should state the party which is insured. The document should also state whether that interest is assignable, e.g. to order of ... (exporter).
Unless the document indicates that insurance rights are not assignable, I would accept assignment by endorsement of the original.

Laurence