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The "insured" refers to a person or persons who are listed on the insurance policy for whom a premium is being collected.
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∙ 15y ago
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Person who is the holder of an insurance policy?
The person can be called Policy Holder,Insured, Life Assured as the case may be.
A written contract between an insured person and an insurance company?
It is called in insurance policy.
What is meant by other insured on the claim form?
The term "other insured" is another insured person exists who may cover the patient, the insured person who covers the patient on his or her insurance plan.
What is an insurance reinstatement?
When a insured person is not able to pay his/ her premium on time then his/her policy got surrendered by the insurance company. If after some time that insured person comes to company and ask to revive the policy then this revival/ reactivation is called reinstatement of the policy.
What happens to insurance when beneficiary dies before insured person?
generally nothing. Insured person can name another beneficiary.
Do you have to be insured to get your license?
A person has to be insured when they get their license because that is what the law says and you need to follow that.
Is the car insured or the person?
the car
What if insured person owes IRS and leaves it to his girlfriend?
the insured person will get screwed over on grounds of delaying the transfer of money to the IRS
Can an insured person also be the beneficiary on an insurance policy?
Yes, there is no bar in the insured person being beneficiary on another insurance policy.
Can a person be insured in your car and not be on your policy?
yes
Who benefits from a life insurance policy?
The beneficiary benefits financially from the life insurance policy by receiving the proceeds of the policy. The beneficiary is the person(s) or entity who is designated by the insured person to receive the proceeds from the life insurance policy upon the death of the insured person. The insured person also benefits from knowing (peac eof mind) they have secured financial protection for the beneficiary in case the insured person dies.
Who is responsible for an accident when car is not insured?
Whether the car is insured is not important, the point is who was at fault in causing the accident, it could be the person whose car is insured that is at fault.
