CANADIAN INSURANCE TERM
Policyholder
The person or organization that owns or holds an insurance policy and is responsible for the contractual relationship with the insurer.
Plain-language definition. A real policy, endorsement and provincial law can use more specific wording than a glossary summary.
TermPolicyholder
ContextCanadian insurance
Source typeIndustry glossary
Policy wordingControls claim
What does Policyholder mean?
The person or organization that owns or holds an insurance policy and is responsible for the contractual relationship with the insurer.
Policyholder and insured can overlap, but they are not always identical concepts. A policy can protect people other than the person or organization that purchased it.
Policyholder in practice
A homeowner who buys and maintains the home policy is the policyholder, while the policy may also define other household members as insured persons.