Insurance Policy Holder Name
Simply stated a policyholder is a person or entity whose name appears on the records of the insurance firm.
Insurance policy holder name. A policyholder is a person or entity who owns an insurance policy and has the privilege to exercise the rights stated in the contract. Property casualty insurance. If you re talking about employer provided health life or disability insurance the policyholder is the employer. If you are the policyholder your name will be on the card.
The terms policy holder and policy owner are in this case interchangeable. It also can refer to someone who receives benefits from a health insurance policy such as payments for a health care service. The policyholder is the person or organization in whose name an insurance policy is registered. The identity of the person who is the actual owner of an insurance policy will be included as part of the basic information regarding the policy.
There can be two owners of an insurance policy. The policy is a group insurance policy that is issued to the employer and owned by the employer but covers the employees and their dependents in the case of most health insurance. This party is often but not always the insured and may or may not be one of the policy s beneficiaries. The name of the policyholder for a car insurance policy is listed on the declarations page of the policy.
The beneficiary is the person who receives the insurance proceeds from a life insurance policy or annuity. The insured is the one whor has or is covered by an insurance policy. What is the definition of insurance policy holder name. A policyholder is sometimes also called the named driver for an auto insurance policy.
If you are not the policyholder then your card may show your name and the policyholder s name in separate fields. The policy holder can also be the insured but with life insurance the owner policy holder and insured do not have to be one and the same. Policyholder is the legal word that points to the owner of a health insurance policy policyholder is the person that can name beneficiaries and coverage of a spouse significant other or other legal dependents policyholder describes the owner of insurance policies whether sponsored by employers purchased for families or individuals. Since the auto insurance policy is taken out in the policyholder s name it is that person who has the financial responsibility to make the required premium payments for the policy.
If you have dependents like a spouse or children on your health insurance policy their names might be listed on your card too. In the realm of life insurance the policy holder generally refers to the policy owner. As the policyholder you can also add more people to your policy depending on your relationship. The employees may be referred to as certificateholders the insurance company actually issues a certificate of insurance to each of the insured employees or just the.
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