Contractholder definition

Contractholder means any entity that is a party to a Contract with a Participating Company (as defined below).

Contractholder means the holder of interests in a Contract or a participant in an employee benefit plan with a beneficial interest in a Contract.

Contractholder shall include, as applicable, (i) the beneficial owner of Shares, whether the Shares are held directly by Contractholder or by Insurance Company in nominee name; (ii) a Separate Account unit holder, notwithstanding that the Separate Account may be deemed to be the beneficial owner of Shares; or (iii) the holder of interests in a Participating Fund underlying a variable annuity or variable life insurance contract.

Examples of Contractholder in a sentence

• A Contractholder may voluntarily end coverage at any time by submitting a written request for termination to AvMed.

• References to “you” or “your” throughout refer to you as the Contractholder and to your Covered Dependents, unless expressly stated otherwise or unless, in the context in which the term is used, it is clearly intended otherwise.

• We may require acceptable documentation that an individual meets and continues to meet these eligibility requirements (e.g. proof of residency, copies of a court order naming the Contractholder as legal guardian, or appropriate adoption documentation, as described in Part IV.

• The terms and provisions of the Contract will be binding solely upon, and inure solely to the benefit of, AvMed and the Contractholder, and no other person will have any rights, interest or claims hereunder, or be entitled to sue for a breach hereof as a third-party beneficiary or otherwise.

• Upon the loss of a Contractholder’s eligibility, coverage for the Contractholder and the Contractholder’s Covered Dependents will end on the last day of the month for which the monthly Premium was received, and while the Contractholder was eligible for coverage.

More Definitions of Contractholder

Contractholder means the person to whom the benefit plan is issued. Any other person approved for coverage with the Contractholder under this plan is a Dependent. Under group coverage, the Contractholder is the member who is eligible for coverage because of his or her affiliation with a Group.

Contractholder means the person or entity to whom the contract is issued.

Contractholder means the legal entity identified as the policyholder or group plan sponsor on the face page of the Contract who establishes, sponsors and endorses an employee benefit plan for insurance or health care coverage.

Contractholder means any person that is a party to a Contract with Insurance Company.

Contractholder means the holder of any Reinsured Contract.

Contractholder means a Primary Applicant who meets the applicable eligibility requirements described in this Contract, and is enrolled and actually covered under this Contract other than as a Covered Dependent, or as a Member in the case of child-only coverage, and for whom the Premium prepayment required by Part VI. PREMIUMS, COPAYMENTS, COINSURANCE, DEDUCTIBLES, AND OTHER EXPENSES has been received by AvMed.

Contractholder means an individual who meets and continues to meet all applicable eligibility requirements and who is enrolled, and actually covered under this Contract other than as a Covered Dependent.