Common use of Insured Person Clause in Contracts

Insured Person. The natural person(s) on whose life the insurance has been taken out. Insured capital in the event of death: The insured capital stated on the policy schedule. Insurance: The agreement on a life insurance policy.

Insured Person. The natural person(s) person on whose life the insurance has been taken out. Insured capital in the event of death: The insured capital stated on the policy schedule. Insurance: The agreement on a life insurance policy.