Definition of Policyholder:
Entity that owns an insurance policy and has the right to exercise all privileges under the contract of insurance, except where restricted by the rights of an assignee (see assignment). A policyholder may or may not be the insured, or the sole or one of the beneficiaries of the policy. Also called policyowner.
A person or group in whose name an insurance policy is held.
How to use Policyholder in a sentence?
- CA claims that this insurance adds to policyholders debts instead of protecting them against hardship.
Meaning of Policyholder & Policyholder Definition