Who is considered a policyholder?

A policyholder is defined as the individual who has purchased the insurance policy. This individual is the one who holds the rights to the insurance contract and is responsible for paying the premiums associated with that policy. The policyholder is entitled to any benefits outlined in the policy provisions, such as filing claims and receiving payouts upon certain events (e.g., in cases of losses covered by the insurance).

In the context of insurance, the policyholder is a crucial figure because they essentially enter into the agreement with the insurance company and assumes the responsibility for the terms set forth, including premium payment and maintaining coverage. Thus, the relationship between the policyholder and the insurer is foundational to how insurance operates.

The other roles mentioned, such as the insurance agent and the company providing the insurance, do not have the same rights or responsibilities concerning the insurance policy. The estate executor, while important, operates in a capacity that pertains to the management of a deceased person's affairs, including any insurance claims. Therefore, those individuals do not qualify as the policyholder.