Named Insured


Also found in: Acronyms.

Named Insured

The person or company covered by an insurance policy. The named insured may or may not be the policyholder, or may include the policyholder along with other named insured. For example, one may buy a health insurance policy in which the named insured are the policyholder and his/her spouse.
References in periodicals archive ?
The policy defined "resident" as "an individual who inhabits the same dwelling as the named insured.
However, it has been defined by the courts to mean the named insured, as opposed to the "insured" as defined in Sections A and B.
13) Because an imposter, rather than the named insured, presented himself for the required physical examination, the insurance policy was never enforceable vis-a-vis the named insured.
In order to qualify to be Named Insured under a policy, the entities must be owned by the same financial interest or have some financial interest in the property or operations being conducted.
These policies were matched with the credit history of the named insured on the policy to create a database that included both policy information and credit information (including a summary "credit score"), but excluded information about race, ethnicity, income, or geographic location.
Earlier this year, a claim was brought in bankruptcy court seeking to recognize Enron's D&O policy as an asset of the bankruptcy estate, relying upon the fact that the corporation was a named insured in the policy.
Failure of an agent, servant, or employee of the insured other than the insurance manager to notify the company of a potential loss-producing event of which he/she has knowledge shall not invalidate the insurance afforded by this policy as respects a named insured.
It was initially developed to assure lenders that any claim check issued would be in the name of both the named insured and the mortgagee, loan payee, or additional insured, without having to provide complete copies of the insurance policy.
Classic responded by claiming that the 1984 and 1985 policies did not list the plaintiff as a named insured and they would, therefore, deny coverage for the claim if he could not prove continuous coverage back to 1985.
Coverage includes: all employees of the Named insured working at least 20 hours per week, who are permanently employed in the U.
Credits to each policyholder's account are calculated based on the expiring premium for each eligible named insured physician.