The Policyholder Sample Clauses
The Policyholder clause defines who is recognized as the primary individual or entity holding the rights and responsibilities under the insurance policy. It typically specifies the person or organization that owns the policy, pays the premiums, and is entitled to make claims or receive benefits. For example, in a life insurance contract, the policyholder may be the insured person or a third party who has an insurable interest. This clause is essential for establishing legal clarity about who can exercise policy rights and obligations, thereby preventing disputes over coverage and claims.
The Policyholder. The interest of the Policyholder in any Subsidiary or Affiliate that is either non- Consolidated or partially Consolidated (not otherwise insured as an entire entity under any policies issued to any person or entity by the Underwriter) in which the interest of the Policyholder in the Unmodified Gross Assets of such Subsidiary or Affiliate is one percent (1%) or less of the Unmodified Gross Assets of the Policyholder.
The Policyholder. In any case of exclusion or inclusion of a person in the Insurance agreement after the commencement of such agreement, the Insurer reserves the right to request additional documents proving the existence of grounds for termination or commencement of insurance. PROPOSAL FOR INSURANCE UNDER CHANGED CONDITIONS