Policyholder

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Policyholder

An individual who owns an insurance policy.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
But in most of the cases, especially for life assurance and unit linked policies, where a product is promoted by the bank's RM's (Relationship Managers), having face to face contact with customer, it is difficult to identify how the product is pitched and whether the policy holder is fully informed about all the product features.
XXXIX of 2000 and a Special ribunal was constituted for entertaining the claims of the Insurance policy holders. This special law did not specifically restrict the entertainment of the insurance policy claims which might have become due after the promulgation and enforcement of the Ordinance of 2000, therefore, we cannot subscribed to the arguments addressed by the learned counsel for the respondent that under the Insurance Ordinance 2000, the claim of the appellant had become barred by time on account of the death of the deceased having taken place on 10-10-1996.
Another service provided for policy holders is LUBA Care, a system that helps employers and workers easily locate medical providers who can render the best care needed following an injury on the job.
Generally, most health insurance policy holders change their insurer after a year.
That is made clear to the policy holder from the start and it is their responsibility to ensure they have adequate cover.
In the five years period from 2001-2004, the number of life insurance policy holders increased from year to year.
THE COURT CONCLUDED THAT THERE WAS NO POSSIBLE WAY IN WHICH LIBERTY MIGHT SHOW THE REQUISITE INJURY TO GIVE IT 'STANDING.' Liberty policy holders do not have merely a secondary financial interest in the manner in which UAB bills patients for cancer treatment.
Allstate and its policy holder moved to dismiss, arguing that Givens had not stated a legally cognizable claim against them for the purported misconduct of the law firm.
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.
1,27,564 before the learned IX - Senior Civil Judge, Karachi South against the respondent above named who was the policy holder of the appellant to whom certain Marine Insurance Policies were issued of which but the premium amount was not paid by the respondent and as per statement of account of appellant in the year 2006 three policies dated 2-3-2006, and 25-3-2006 were issued in favour of the respondents, the details of which are:-
Talking about reforms he has introduced in SLI, Baloch said that IT- based latest accounting system has been introduced apart from revamping service delivery in Policy holder services.
The plan returns all the premiums paid in case there is no claim from the policy holder during the policy term and upon survival.

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