Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

policyowner

Read a random definition: contumace capiendo

A quick definition of policyowner:

Term: POLICYOWNER

Definition: A policyowner is the person who owns an insurance policy. This is the same as a policyholder, who is the person who has purchased the insurance policy. The policyowner is responsible for paying the premiums and making any changes to the policy, such as adding or removing coverage.

A more thorough explanation:

Definition: The term policyowner refers to the person or entity that owns an insurance policy. This can be an individual, a business, or an organization.

Example: John Smith is the policyowner of a life insurance policy that he purchased to provide financial security for his family in case of his unexpected death.

Explanation: In this example, John Smith is the policyowner because he is the one who purchased the life insurance policy. As the policyowner, he is responsible for paying the premiums and making any changes to the policy, such as adding or removing beneficiaries.

Example: ABC Corporation is the policyowner of a group health insurance policy that it provides to its employees as a benefit.

Explanation: In this example, ABC Corporation is the policyowner because it is the entity that purchased the group health insurance policy. As the policyowner, the corporation is responsible for paying the premiums and making any changes to the policy, such as adding or removing covered employees.

policy of the law | policy proof of interest

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
LSD+ is ad-free, with DMs, discounts, case briefs & more.