insured person - Hutchinson encyclopedia article about insured person Printer Friendly
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insured
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insured

Individual or organization that receives the benefit of an insurance policy in return for the payment of a premium. The insured has certain obligations under the insurance contract. These include subscribing to the doctrine of uberrima fides (utmost good faith), making a full declaration of all material facts on the insurance proposal and minimizing any losses that may occur.



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? Mentioned in ? References in periodicals archive
 
This option covers the insured person for a certain period of time--the "term--specified in the policy.
Upon the death of the second insured person, the Anglican Foundation will receive at least 10 times the premiums paid, while the donors receive a donation receipt for each premium share paid, said Peter Blachford, General Synod's director of financial management and development.
This excludes claims "based upon, arising from, or in consequence of such Insured Person having gained in fact any personal profit, remuneration or advantage to which such Insured Person was not entitled.
 
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