Assignment of Indemnity Law and Legal Definition

According to 7 CFR 761.2 [Title 7 - Agriculture; Subtitle B -- Regulations of The Department of Agriculture; Chapter VII -- Farm Service Agency, Department of Agriculture; Subchapter D -- Special Programs; Part 761 -- General Program Administration; Subpart A -- General Provisions], assignment of indemnity is "the transfer of rights to compensation under an insurance contract."