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The dictionary definition of a policy holder is an entity that controls/owns or holds the right or privilege to exercise authority under the contract of an insurance or policy.

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10y ago
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4d ago

A policyholder is an individual or entity that has an insurance policy in place with an insurance company. The policyholder pays premiums to the insurance company in exchange for coverage and protection against specified risks outlined in the policy.

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Q: What is the dictionary definition of a policyholder?
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Continue Learning about Law

Is it against the law to put the exact definition from a dictionary on your work?

It is generally not illegal to include the exact definition from a dictionary in your work as long as you properly cite the source. However, it is important to ensure that you are allowed to use the dictionary definition in your specific context and that you are not infringing on any copyright laws.


What does person mean in black laws dictionary?

In Black's Law Dictionary, the term "person" typically refers to a legal entity recognized by law, including individuals, corporations, and other entities capable of holding rights and responsibilities. The definition may vary depending on the context in which it is used within the legal system.


Discuss relevant example the circumstance under which the insurer may give more than the indemnity?

An example of when an insurer may offer more than the indemnity is when the policyholder has suffered a significant financial loss that exceeds the policy limits. In some cases, insurers may show goodwill and offer additional compensation to maintain a positive relationship with the policyholder or to avoid potential legal action. This may also occur in instances where the insurer wants to provide additional assistance to the policyholder in a situation of extreme hardship or crisis.


Which is the definition of assanance?

Assonance is the repetition of vowel sounds in nearby words. It is often used in poetry and literature to create musical or rhythmic effects. For example, "fleet feet sweep by sleeping geese" shows assonance with the repeated long "e" sound.


When must an insurable interest exist for property insurance?

An insurable interest must exist at the time the policy is purchased and when a claim is made. This means the policyholder must have a financial stake in the property being insured to prevent fraud or speculation in insurance. Without insurable interest, the policyholder would not suffer any financial loss from damage to the property.

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