Policyowner definition

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

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

• The Group Policy may be terminated, changed or amended in whole or in part by us or the Policyowner according to the terms of the Group Policy.

• Any statements made by the Policyowner to obtain the Group Policy or made by an Employer to obtain coverage under the Group Policy is a representation and not a warranty.

• No coverage under the Group Policy is in effect until approved in writing by Madison National Life Insurance Company, Inc.The Employer must apply for group long term disability insurance coverage under the Group Policy and join the Policyowner by submitting a completed Joinder Agreement and agreeing to pay premiums.

• Hammons Drive · Madison, WI 53717GROUP LONG TERM DISABILITY INSURANCE CERTIFICATE OF COVERAGEThe Group Policy has been issued to the Policyowner.

• Except for those functions which the Group Policy specifically reserves to the Policyowner or Employer, we have full and exclusive authority to control and manage the Group Policy, to administer claims and to interpret the Group Policy and resolve all questions arising in the administration, interpretation and application of the Group Policy.

More Definitions of Policyowner

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

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 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 or “OWNER” means the person named as the Owner in the application, unless he or she has assigned ownership to someone else.

Policyowner has the meaning set forth in the Preamble.

Policyowner means the owner of this Policy under the Plan.

Policyowner means the only person 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.