Policyowner definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Policyowner means any individual or entity which has the right to either agree or not agree to alter the terms of an insurance contract and includes any person issued a certificate under a group insurance contract if such contract vests in that person rights that the owner of the group contract may not terminate.

Policyowner means the Chief of the Defence Staff for the Canadian Forces.

Examples of Policyowner in a sentence

• Policyowner records of the Company shall be maintained at the home offices of the Company.

• The Policyowner and Employer shall promptly give the Insurer written notice of any lawsuit or other legal proceedings arising under the Group Policy.

• The Policyowner and Employer hereby release, hold harmless and indemnify Madison National Life Insurance Company from any liability arising from or related to any negligence, error, omission, misrepresentation or dishonesty of the Policyowner or Employer respectively, or any of their respective representatives, agents or employees.

• The Policyowner may terminate the Group Policy and the Employer may terminate coverage under the Group Policy by giving the Insurer at least 31 days written notice.

• The Policyowner, Employer and such individuals have no authority to alter, expand or extend the Insurer’s liability or to waive, modify or compromise any defense or right the Insurer may have under the Group Policy.

More Definitions of Policyowner

Policyowner means any individual who meets the eligibility requirements and avails of the Free Product Offer.

Policyowner. , as used in this section, means the owner of the policy or any other person designated as the person to receive premium notices, as shown by the records of the insurance company.

Policyowner means the only person for the time being is the holder of the Policy, who can enforce all the rights and benefits under this Policy during the lifetime of the Insured Person, save and except for the rights that are vested in the Beneficiary or Assignee.

Policyowner means the owner of a Policy, whether a person or entity.

Policyowner means any and all persons or entities having an ownership interest in a Covered Policy under the terms of the Covered Policy during the Settlement Class Period, as reflected in Accordia’s business records maintained in the ordinary course of business at the time in question.

Policyowner has the meaning set forth in the Preamble.

Policyowner means the owner of a policy.