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policyholder
[ pol-uh-see-hohl-der ]
policyholder
/ ˈpɒlɪsɪˌhəʊldə /
noun
- a person or organization in whose name an insurance policy is registered
Word History and Origins
Origin of policyholder1
Example Sentences
Called the Sustainable Insurance Strategy, it includes a regulation that would allow insurers to pass through their reinsurance costs to policyholders.
Insurers are supposed to do the math and send policyholders a monthly bill, which will be adjusted if drugs are added or dropped.
If insurers are unable to meet their financial obligations, it leaves policyholders without coverage when they need it most.
State guaranty associations protect policyholders when an insurer defaults or becomes insolvent.
The rate increase approved earlier this month by state regulators affects more than 350,000 policyholders statewide and exceeds a 30% increase sought in June by State Farm, the state’s largest homeowners’ insurer.
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