Individual to whom contract rights are transferred under an assignment.
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Also executor, administrators, Sometime the Insurers, Covenant to pay the executors, administrators or assigns of the assured.
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UK: The party to whom a policy is assigned, i.e. transferred. He may be an assignee for value, or a voluntary assignee to whom the policy has been assigned by way of gift. The term assignee also applies to the party to whom a lease on premises is transferred. See ASSIGNOR’s leasehold LIABILITY INSURANCE.