Noun
a person who holds an insurance policy; usually, the client in whose name an insurance policy is written
Source: WordNetA person or entity who buys insurance is known as an insured or policyholder. Source: Internet
Controversies Does not reduce the risk Some analysts argue that insurance does not reduce the risk, because insurance costs the policyholder, due to the premiums that they have to pay. Source: Internet
Generally, when an excess line insurer writes a policy, it must, pursuant to state laws, provide disclosure to the policyholder that the policyholder's policy is being written by an excess line insurer. Source: Internet
Now, if the policyholder chooses a room with a higher rent, all other hospital expenses get proportionally reduced before being reimbursed by the insurer. Source: Internet
In insurance, a manuscript policy is one that is negotiated between the insurer and the policyholder, as opposed to an off-the-shelf form supplied by the insurer. Source: Internet
The protection offered by a liability insurance policy is twofold: a legal defense in the event of a lawsuit commenced against the policyholder and indemnification (payment on behalf of the insured) with respect to a settlement or court verdict. Source: Internet