In insurance terms, who is a 'policyholder'?

A policyholder is defined as the individual who has an insurance contract with an insurer. This person holds the policy and is responsible for any payments related to that policy, thus establishing their rights and obligations under the contract. They are the party that the insurance company recognizes legally, making them the central figure in the insurance relationship.

Choosing this answer reflects an understanding of the contractual nature of insurance. The policyholder is the individual who typically engages with the insurance company, receives the benefits of the policy, and is accountable for compliance with the terms outlined in the contract. This definition emphasizes the importance of the contractual agreement, which may not necessarily apply to other options like those simply paying for insurance or listed on documents.