Definition of Policy Owner

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

Examples of Policy Owner in a sentence

  1. Except as otherwise specifically provided for in Section 8 of this Plan, neither the Employer nor the Policy Owner may withdraw Policy cash values or surrender all or a portion of the Policy.

Definition of Policy Owner in Amended and Restated

Policy Owner means the Company.


Definition of Policy Owner in Benefit Plan

Policy Owner means the Participant or that person or entity to whom the Participant has assigned his interest in the Policy. In the case of a Replacement Policy issued to replace a Policy for which the Policy Owner is other than the Participant, the Policy Owner of the Replacement Policy shall be the same as the Policy Owner of the Policy being replaced, unless elected otherwise by such Policy Owner.