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A nominee is someone running for office. You could be a nominee for student council or for the presidency. To nominate is to name or select someone as a candidate for office.
Importance of Nominee in Insurance A nominee is a person the policyholder chooses to receive the benefits in case of their death. The nominee can be any spouse, child, or family member. The nomination process is governed by Section 39 of the Insurance Act 1938.
A nominee is a person who holds the property of the deceased until he has to distribute this property to the legal heirs. In a life insurance policy, the beneficiary is an individual you nominate to receive the policy proceeds after an unfortunate incident occurs.
The custodian of the assets. The nominee guarantees the transmission of assets to the eligible successors of a deceased person. Legal heirs inherit the assets of a deceased. Their identity is determined by the law of succession or a valid will.
The nomination form (or expression of wishes) is used for two purposes. One is for the individual to tell the scheme administrator how they would like the death benefits to be split on their death. The other is so they can nominate, or name, a beneficiary to receive nominee flexi-access drawdown (a nominee).
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But the list of nominees for the awards has stoked another, more minor, controversy. Iowas record is poorer: three nominees and one president. These people decide the acting nominees, and they are being bombarded with DVDs and invitations to screenings. If he ends up as the nominee.
A nominee is someone who is nominated for a job, position, or award. His nominee for vice president was elected only after a second ballot.

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