Contractholder definition

Contractholder means any entity that is a party to a Contract with a Participating Company (as defined below).

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Contractholder means the holder of interests in a Contract or a participant in an employee benefit plan with a beneficial interest in a Contract.

Contractholder shall include, as applicable, (i) the beneficial owner of Shares, whether the Shares are held directly by Contractholder or by Insurance Company in nominee name; (ii) a Separate Account unit holder, notwithstanding that the Separate Account may be deemed to be the beneficial owner of Shares; or (iii) the holder of interests in a Participating Fund underlying a variable annuity or variable life insurance contract.

Examples of Contractholder in a sentence

• Even if Plan Sponsor, as the Contractholder, ceases to exist, notifies Insurer that it will cease to perform its obligations under the Contract, or no longer has obligations under the Contract, the Contract will remain a valid and binding obligation of Insurer, irrevocable and in full force and effect, and enforceable against Insurer by each Annuitant in accordance with its terms, subject to the Enforceability Exceptions.

• If Insurer is notified of a death prior to the Liability Date (i) more than six months from the Closing Date or (ii) after the date the Contract is tendered to the Contractholder, whichever is later, there will be no adjustment of Annuity Premium.

• The Contract, when executed, will be duly executed and delivered by Insurer and will be a valid and binding irrevocable obligation of Insurer and enforceable against Insurer by the Contractholder, and each Annuitant in accordance with its terms, subject to the Enforceability Exceptions.

More Definitions of Contractholder

Contractholder means the person or entity to whom the contract is issued.

Contractholder means the person to whom the benefit plan is issued. Any other person approved for coverage with the Contractholder under this plan is a Dependent. Under group coverage, the Contractholder is the member who is eligible for coverage because of his or her affiliation with a Group.

Contractholder means the legal entity identified as the policyholder or group plan sponsor on the face page of the Contract who establishes, sponsors and endorses an employee benefit plan for insurance or health care coverage.

Contractholder means any person that is a party to a Contract with Insurance Company.

Contractholder means a Primary Applicant who meets the applicable eligibility requirements described in this Contract, and is enrolled and actually covered under this Contract other than as a Covered Dependent, or as a Member in the case of child-only coverage, and for whom the Premium prepayment required by Part VI. PREMIUMS, COPAYMENTS, COINSURANCE, DEDUCTIBLES, AND OTHER EXPENSES has been received by AvMed.

Contractholder means the holder of any Reinsured Contract.

Contractholder means an individual who meets and continues to meet all applicable eligibility requirements and who is enrolled, and actually covered under this Contract other than as a Covered Dependent.