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LSDefine

Simple English definitions for legal terms

policyowner

Read a random definition: breach of duty

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

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General

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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