Policyholder

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Related to Policy Holders: Paid Up Policy

Policyholder

An individual who owns an insurance policy.

Policyholder

A person or (less commonly) an organization that has an insurance policy. The policyholder receives the specific types of coverage (life, health, etc.) stated in the policy, subject to the payment of premiums, usually on a monthly basis. It is important to note that a policyholder does not make any legally enforceable promises when he/she takes out a policy. Specifically, the insurance company cannot legally compel the policyholder to pay his/her premiums; its only recourse is to stop coverage. On the other hand, the policyholder can force the insurance company to provide coverage if it refuses to do so, provided he/she has in fact paid premiums.
References in periodicals archive ?
These committees will arbitrate between insurance companies and the policy holders.
An alternative to conventional insurance, takaful is based on the concept of mutuality, where a takaful operator sets up a shareholders' fund to oversee and manage separate pools of money contributed by policy holders.
Policy holders can follow visit the Public Adjusters on their website, and get up-to-date Irene claims assistance by calling the Public Adjusters at (800) 572-7914.
As per the extended facilities, an expatriate who is a policy holder in Oman, on return to India, can get enrolled in the medical policy of the company in India without any conditions attached.
Generally, most health insurance policy holders change their insurer after a year.
Each rating class provides for a 5 percent discount, and with the previous Class 6 rating, policy holders in the Special Flood Hazard Area received a 20 percent discount.
In addition, policy holders can receive the required insurance certificate for their Schengen visa from Al-Ahleia Insurance virtually hassle free when presenting their NBK Travel Safe policy," added Khajah.
If we have a better year than expected we will return money to policy holders.
Mr Crouch, a former executive in the transport industry and a representative of the Equitable Members' Action Group, added that Equitable policy holders were angry at the way Northern Rock was quickly "bailed out" by the government when it needed help but Equitable Life was left to flounder.
Chairman Sir Brian Stewart said demutualisation would unlock the value of the business for policy holders and allow it to raise more capital on the financial market.
We believe it will provide significantly more opportunity for the development of Standard Life and is in the best interests of members, customers and policy holders.
At American National, we take a proactive approach to protecting the private information of our policy holders.

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