(2) The full name, and age, of the Assignee must be stated. (3) The actual consideration for the assignment received from the assignee should be written in.1. Fill in your name and class details. Use this assignment of compensation form (the "Assignment") to assign your commissions. • Complete Sections I-IV. Access essential forms for LIC transactions effortlessly. How to fill out the Assignment Questionnaire for LIC Policy Holders? When you receive a life insurance policy, you usually have a ten-day free look period. Composition and Approval. Share assignment form.