What does a blank endorsement on an insurance certificate indicate?

A blank endorsement on an insurance certificate signifies that the assured can assign the certificate to another party. This means that the holder of the certificate has the ability to transfer all rights and benefits specified in the insurance policy to someone else without the need for any specific endorsement naming that party. This transferability is crucial in many business transactions, particularly in trade and international dealings, as it allows for flexibility in ensuring coverage and enabling the receipt of claims by new parties who may be involved in the transaction.

In contrast, the other options relate to limitations or consequences that are not inherent to a blank endorsement. For instance, losing rights to a claim occurs under different circumstances such as failing to comply with policy conditions, but not simply by executing a blank endorsement. A void certificate implies that the certificate has no legal effect, which is also not the case with a blank endorsement. Lastly, non-transferable conditions would mean that no assignment can occur, directly contradicting the essence of a blank endorsement that allows for assignment.