What does the term "policyholder" refer to in insurance?

The term "policyholder" specifically refers to the individual or entity that owns an insurance policy. This person or organization has entered into an agreement with the insurance company, paying premiums in exchange for coverage under the terms stipulated in the policy. The policyholder has rights and responsibilities associated with the policy, such as the ability to file claims and the obligation to maintain premium payments. They are essentially the central figure in the insurance relationship, as they hold the contract that defines the coverage and benefits provided by the insurer.

Other roles mentioned, such as the individual or entity selling the insurance, the insurance agent, or the healthcare provider, do not define the policyholder. The seller of the insurance is typically an agent or broker, the agent focuses on facilitating customer service and managing relationships, and the healthcare provider delivers medical services rather than owning an insurance policy. Thus, the concept of a policyholder is distinct and pivotal in the framework of insurance practices.