Sentences with phrase «policyholder authorizes another person»
Nomination: An act by which the insured or policyholder authorizes another person to receive monetary benefits of the policy.
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Any person, other than an insurer or its duly authorized agent, who solicits or assists Ontario policyholders in the selling, trading, transferring, pledging or assignment of life insurance policies might be in violation of section 115 of the Insurance Act.
Person (s) who will be authorized by the policy holder to enjoy the benefits of the policy in case of the death of the policyholder or owner of the policy.