Which of the following statements is true about a policy assignment?

The statement about policy assignment being true is that it indeed transfers rights of ownership from the owner to another person. In the context of insurance policies, an assignment typically refers to the transfer of ownership rights from the original policyholder to another individual or entity. This process allows the new owner to have the same rights and responsibilities associated with the policy, including the power to make changes, access benefits, or receive payouts. This is a fundamental aspect of assignments, as it ensures that the intentions of the original policyholder are honored under the new ownership.

The other statements do not accurately represent how policy assignments function. For example, the insurer's control over the policy does not change; they are simply the party that manages the terms of the contract. Assignments do not require that the policy remain active for all parties, as certain assignments may involve policies that can be canceled or may not be applicable in some situations. Lastly, a policy assignment does not change the terms of coverage provided; instead, it changes the ownership while keeping the coverage terms intact.