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 ?
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 action comes after the special committee spent a year studying how insurance companies select and oversee attorneys who represent policy holders when they are sued.
The society aims to reach a compromise with its guaranteed annuity rates (ARs) policy holders - which are expected to cost Equitable pounds 1.
The Special Study Committee on Insurance Practices has completed a disclosure form for insurance policy holders who are sued.
It reckons that takeover deals could mean handsome payouts of cash or shares for policy holders.
ID Branding's engagement with SAIF began 1 year ago with an in-depth discovery period that aggregated input from SAIF employees and a sampling of external audiences, including workers, policy holders, insurance agents and healthcare providers.
The insurance company will select the attorney and the policy holder has the right to ask about the lawyer's experience and qualifications.
While in France, one policy holder had her own snowboard stolen from the ski box on her car.
The premium could be paid at any time during the life-time of the policy holder, and its frequency is also up to the policy holder.
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.
eHealth s Short-Term Health Insurance Policy Holder Survey was conducted online by email invitation in March 2013 and responses from 261 short-term policy holders were collected.

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