Policyholder Account
/ˈpɒlɪsiˌhoʊldər əˈkaʊnt/
Definitions
- (n.) An account maintained by an insurance policyholder to manage premiums, claims, and policy-related transactions.
The policyholder account showed all premium payments and claims filed during the year.
Forms
- policyholder account
- policyholder accounts
Related terms
See also
Commentary
This term specifically refers to the record or ledger reflecting financial and transactional dealings between an insurer and a policyholder; clarity is important to distinguish it from the policyholder as a person or an insurance policy itself.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.