An individual, business or organization that is identified on the policy declarations page as the insured(s) under a policy. Most policies, especially liability policies, will have insureds or additional insureds other than the named insured (such as employees, volunteers, board members, landlords), but only the named insured is responsible for premium payments, receipt of notices, and adjustment of losses.
The party or parties specifically named as insured in the insurance contract. Others may have claim on the coverage of a policy by way of internal provisions, but any such right is by way of the agreement between the named insured and the insurance company.
The person in whose name the policy is issued, the policyholder, is often referred to as a "named insured." Technically, he or she would be the first party to the contract, the second party being the insurance company that issues the policy.
1) A policyholder, the person to whom the policy is issued; any person or corporation, or any member thereof, specifically mentioned as insured in a policy, as distinguished from others, who, though unnamed, are protected under certain circumstances. 2) In life insurance: this is the person named on the face page of the policy whose life is covered by the basic contract. (Other persons may be covered by riders attached to the basic contract.)
A person identified in the insurance policy, and on whose behalf the policy is primarily written. The simple word "insured" includes both named and unnamed benefactors of the coverage. See also " Unnamed Insured."
A named insured is a party who is a primary insured on a "named insured's" insurance policy. The named insured is the party who is covered by the insuring agreement of the policy and who is bound by the terms and conditions of the policy, including premium payment. For ease of administration, many insurance companies designate a "first named insured" on a policy as the default point-of-contact and decision-making authority between the insurance company and the policyholder(s).
the actual policyholder who is specifically named on the policy. Named insureds are responsible for premium payment, have the authority to cancel or make changes to a policy, will have a say in the claims process, and are included on any claim checks that are issued.
Any person, firm or corporation designated by name as the insured person(s) in a policy. Others may be protected by policy definition even though their names aren't on the policy, such as other drivers operating (with consent) the named insured's covered auto.
A policyholder, the person to whom the policy is issued; any person or corporation, or any member thereof, specifically mentioned as insured in a policy, as distinguished from others, who, though unnamed, are protected under certain circumstances. The most common application of this principle is in connection with the "omnibus clause" in automobile liability policies.
any person or organization, or any member thereof, specifically designated by name as insured in a policy as distinguished from others who, though unnamed, are protected under some circumstances. A common application of this latter principle is in liability policies wherein by a definition of "insured" protection is extended to interests (not designated by name) according to their status or in particular situations or circumstances - e.g., employees are automatically insureds under a CGL. (See FIRST NAMED INSURED)
Any person, firm, or corporation, or any member thereof, specifically designated by name as the insured(s) in a policy. Others may be protected as insureds even though their names do not appear on the policy. A common application of this latter principle is in Automobile policies where, under the definition of insured, protection is extended to cover other drivers using the car with the permission of the named insured.