A term used interchangeably with the terms policy owner or insured. The person insured by a policy.
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US: Person in actual possession of insurance policy; policy owner.
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Person or other entity who has ownership rights under an Insurance Policy and who may or may not be the insured.
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REFERENCE: See: Insured.
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US: The person who owns a life insurance policy. This is usually the insured person, but it may also be a relative of the insured, a partnership or a corporation. A person who pays a premium to an insurance company in exchange for the insurance protection provided by a policy of insurance.
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UK: The person, otherwise called the insured, in whose name the policy is issued.