Policy Owner definition

Policy Owner means the owner named in the policy or the certificate holder in the case of a group policy.

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Policy Owner means the person who legally owns the Policy, including the trustee of a superannuation fund when a Superannuation Plan is issued;

Policy Owner means the person or persons named on the Policy Schedule as the ‘Policy Owner’ and any successor in title of that Policy Owner.

Examples of Policy Owner in a sentence

This Policy provides coverage for the duration of the Policy Term selected, at which point the Policy terminates and the Maturity Benefit is payable to the Policy Owner.
The Policy Owner will be allowed a Grace Period of 90 days to pay a premium that remains unpaid by the Premium Due Date.
Once the Insurer receives the completed Free Look Cancellation Form within 14 calendar days from the Policy Issue Date,, this Policy will be deemed never to have been issued and any premiums paid will be refunded to the Policy Owner.
If the Policy Owner surrenders the Policy after three Policy Years, the Insurer will refund all premiums paid to Policy Owner.
All notices or other communication required by this Policy shall be sent electronically either via email or through the customer portal, unless otherwise agreed by the Policy Owner and the Insurer.

More Definitions of Policy Owner

Policy Owner means a person who is identified as the legal owner of an insurance policy or contract under the terms of the insurance policy or contract, or who is otherwise vested with legal title to the insurance policy or contract through a valid assignment completed in accordance with the terms of the insurance policy or contract and is properly recorded as the legal owner of the policy or contract in the records of the insurer. “Policy owner” does not include a person who has a mere beneficial interest in an insurance policy or contract.

Policy Owner means the person listed on the Certificate as the ‘policy owner’ who is authorised by all people insured under the Policy to act on their behalf in management of the Policy and any claims. The Policy Owner will be the only person to whom we send notices under the Policy or any other Policy information. Any claim payments will be made to the Policy Owner only.

Policy Owner means the Participant or that person or entity to whom the Participant has assigned his interest in the Policy.

Policy Owner means the person who owns this Policy and can exercise all rights, privileges and options available under this Policy;

Policy Owner means the person who has legal title to a policy and includes—

Policy Owner means the person (or entity) shown as the Policy Owner in the Policy Schedule, Renewal Summary or Membership Certificate. For Policies held inside superannuation, the Policy Owner is the trustee of the superannuation fund.

Policy Owner means the Participant or that person or entity to whom the Participant has assigned his interest in the Policy. In the case of a Replacement Policy issued to replace a Policy for which the Policy Owner is other than the Participant, the Policy Owner of the Replacement Policy shall be the same as the Policy Owner of the Policy being replaced, unless elected otherwise by such Policy Owner.