Which clause specifies that policy transfers are invalid without written consent from the company?

The Assignment Clause specifically outlines the conditions under which a policyholder may transfer their rights or interests in an insurance policy to another party. This clause directly states that such transfers are not valid without obtaining written consent from the insurance company. This requirement is put in place to protect the insurer's interests, ensuring they maintain control over whom they are contractually obligated to, and to ensure the risk associated with the insured remains manageable.

In the context of this question, the Assignment Clause is vital because it establishes the protocol for making changes to the ownership of the policy, which is crucial in maintaining the integrity and reliability of the insurance contract. By requiring written consent, the insurer can better evaluate any new party’s risk profile, financial stability, and eligibility, thereby preserving the overall effectiveness and intent of the insurance coverage.