Anti-assignment clauses

{
  "id": "MLC-T-INS-000432",
  "term": "Anti-assignment clauses",
  "field": "Insurance and risk management",
  "definition": "Provisions within an insurance policy or contract that restrict or prohibit the transfer of rights or obligations under the agreement to another party without the insurer's consent. These clauses are designed to prevent policyholders from assigning their policy benefits or responsibilities to third parties, particularly after a loss has occurred. They are common in property and casualty policies to maintain control over who receives claim payments.",
  "url": "https://mlchart.com/terminology/insurance/anti-assignment-clauses/"
}