The phrase "insured party" refers to a person or entity that has purchased an insurance policy to protect themselves from potential risks and financial losses. It could be individuals, businesses, or organizations. Full definition
The exclusion is eliminated because most personal policies do not exclude suits by fellow employees of insured parties. (thebalance.com)
The cost of a no - exam life insurance policy is often less than the cost of an exam - dependent policy for insured parties with such chronic diseases. (chooseterm.com)
Just because two people are married — and on the deed — doesn't mean they're both named as insured parties on the home. (realtormag.realtor.org)