All of the following statements about assignments are not false, except:

A. Absolute assignments can be used for life settlement agreements.
B. A lender may be repaid through the use of a collateral assignment.
C. Absolute assignments involve the complete transfer of all policyowner rights in the insurance policy.
D. Assignments need not be filed with the insurer if notarized and filed in county records.

Ans: D. Assignments need not be filed with the insurer if notarized and filed in county records.