Policyholder

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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 ?
The Ordinance protects the rights of the every policy holder the preamble of the Ordinance states:-
Generally, most health insurance policy holders change their insurer after a year.
Although the policy holder represented by the attorney is the "client," and counsel owes the policy holder a primary duty of confidentiality, the insurer typically controls the bulk of defense and settlement in the case.
The PEC is preparing three insurance-related proposed advisory opinions (two are advertised in this News for Bar member input) on the relationship between insurance companies, policy holders and attorneys chosen by companies to represent insureds.
While in the former case after advancing the amount to its policy-holder the Insurance Company keeps on charging mark-up on the same, which is indication, that the Insurance Company, even after parting with the money which is claimed to be that of the policy-holder himself, has some connection with the same and the policy holder is obliged to pay such mark-up to the Insurance Company.
com)-- Providing one complete solution for stressed and emotional policy holders who have experienced property related damage, the brand new Claim Care Central website is a huge milestone for the firm who began trading in 2004.
In contrast, conventional insurance policies shift the risk from the policy holder to the insurance firm.
He said: 'Throughout the process of designing a compromise scheme we have been meeting with policy holder action groups.
As adopted, the disclosure form would be provided when the insurance company selects an attorney to represent a policy holder when a claim is made or a lawsuit is filed.
If you're not a policy holder with one of these, you still can be.
WASHINGTON -- Gilbert Heintz & Randolph LLP (GHR) and two of its partners have once again been ranked among the top in the nation in the area of policy holder insurance law by the 2006 Chambers USA: America's Guide to Leading Lawyers for Business.
Talking about reforms he has introduced in SLI, Mr Baloch said that IT- based latest accounting system has been introduced apart from revamping service delivery in Policy holder services.

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