Policyholder (noun)

A person or organization who holds an insurance policy and is thereby protected or compensated under the terms of the policy.

Origin:

Compound of 'policy' and 'holder'.

Examples:

1. The policyholder is entitled to receive benefits under the terms of the insurance policy.
2. The policyholder must pay premiums in order to maintain coverage under the insurance policy.
3. The policyholder is entitled to make a claim under the insurance policy in the event of a covered loss.
4. The policyholder is responsible for providing accurate information to the insurance company.
5. The policyholder received a settlement from the insurance company after filing a claim under the insurance policy.