policyholder

[pol-uh-see-hohl-der]

noun

1. the individual or firm in whose name an insurance policy is written; an insured.

policyholder

/ ˈpɒlɪsɪˌhəʊldə /

noun

1. a person or organization in whose name an insurance policy is registered

Word History and Origins

Origin of policyholder¹

An Americanism dating back to 1850–55; policy ² + holder

Example Sentences

Insurers know this, and since mortality risk rises with age, they price post-term coverage aggressively to push policyholders either to stop payments or pay substantially more.

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Such an exam is an administrative action that department officials have noted can result in changes in practices, penalties and hundreds of millions of dollars being passed on to policyholders.

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In such circumstances, insurers usually give customers and/or their heirs a grace period after the policyholder dies if they have failed to make their payments.

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The Florida Office of Insurance Regulation says the state’s five largest auto insurers have reduced rates by 6.5% on average this year, saving policyholders hundreds of dollars.

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Progressive reported a $950 million underwriting expense for a policyholder credit in Florida, where the company said insurance rules require it to return profit to customers when underwriting margins exceed a certain level.

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