How can ownership be assigned or changed if the policy is in force?

• A. Through assignment (absolute or collateral) or by changing the owner on the policy; requires proper forms and may affect rights.
• B. Ownership changes are only possible with the policy's surrender and new issuance.
• C. Owners cannot change once the policy is issued.
• D. Changing ownership always requires insurer approval and never affects rights.

Answer: (C)