A person insured under a group life policy can assign ownership rights to any party except for which of the following?

In the context of a group life insurance policy, the individual insured under the policy typically has the right to assign ownership rights, which may include the ability to change beneficiaries or transfer controls. However, ownership rights cannot be assigned to the policyholder in cases where the policyholder is an entity, such as an employer or organization, that provides the group insurance. This is because the policyholder already holds the rights to the policy by virtue of being the entity that owns the policy.

The insured individual can assign ownership rights to a spouse, their children, or any other individual or entity, as long as it is permitted under the terms of the group policy. Each of these parties could receive ownership rights or benefits under the policy depending on the specific provisions.

Hence, the limitation arises specifically in terms of assigning rights back to the policyholder, the organization that holds the master contract for group coverage. This illustrates the unique structure of group life insurance, where the policyholder and the insured are distinct parties, and rights associated with ownership can only be assigned in specific ways.