Policyholder

Policyholder,

Definition of Policyholder:

  1. 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.

  2. A person or group in whose name an insurance policy is held.

How to use Policyholder in a sentence?

  1. CA claims that this insurance adds to policyholders debts instead of protecting them against hardship.

Meaning of Policyholder & Policyholder Definition