An insurance certificate that shows "to order of assured" as the loss payee allows possession for which purpose?

The inclusion of "to order of assured" on an insurance certificate designates the assured party as the loss payee. This means that in the event of a claim, the assured has the right to receive any settlement payments due to loss or damage of the insured item. This phrasing provides the assured with substantial control over how claim settlements are handled, allowing them to receive and manage funds directly related to incurred losses.

The incorrect options represent different functions that do not align with the role of the loss payee as defined in the context of the insurance certificate. Transferring ownership of the insured item or changing delivery addresses involves separate contractual or logistical processes that are distinct from receiving compensation for losses. Notifying the carrier of a shipment also pertains to logistics rather than the financial implications of ownership or loss payouts. Therefore, determining who receives claim settlements directly aligns with the role of the assured as the designated payee on the insurance policy.