Policy Owner definition

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

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

• Each Policy Owner or payor will receive a premium reminder notice or list bill on either an annual, semi-annual, or quarterly basis (or monthly (list bill only)), at the option of the Policy Owner or payor; however, the Policy Owner or payor is not required to pay planned periodic premiums.Payment of the planned periodic premium will not guarantee that a Policy will remain In Force.

• Reversal processing is contingent to the Policy Owner returning the loaned amount and a signed letter of instruction from the Policy Owner.

• The face amount of the Policy may be decreased by the Policy Owner.

• A Policy Owner can make partial withdrawals of the net cash surrender value of the Policy starting on the first Policy anniversary.

• When applying for a Policy, a Policy Owner will determine a planned periodic premium that provides for the payment of level premiums of fixed intervals over a specified period of time.

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

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

Policy Owner means an individual or an organization participating in insurance, signing and exercising the rights and obligations stipulated in the Policy.If the Policy Owner is an individual: he/she must have attained age 18, must be currently residing in Vietnam with full legal civil capacity, and is the person who discloses related information and signs on the Application form;If the Policy Owner is an organization: it must be registered, established, and legally operational in Vietnam.

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 person who has legal title to a policy and includes—