Louisiana Automobile Adjusters License Practice Exam

For an Assignment provision in an insurance policy to be valid, written consent from the insurer is required. This ensures that the insurer is aware of and agrees to the transfer of rights or responsibilities within the policy. Written consent establishes a clear record of the insurer's approval, protecting both the insurer and the insured from potential disputes regarding the binding nature of the assignment.

Oral consent, while possibly valid in some situations, does not provide the same level of protection or clarity as written consent, making it less reliable and enforceable in legal contexts. The other choices, such as the need for approval from a third-party mediator or a majority vote from all insured parties, are not standard requirements in insurance assignments and do not align with the typical legal framework governing such matters. Therefore, the requirement for written consent is a key element in ensuring the legitimacy and enforceability of an assignment provision within an insurance policy.