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Which statement best explains Policyholder?

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Question ID #26066 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Insurance Sectional Test 2026 Medium

Correct Answer: B. Person or entity that owns an insurance policy
Policyholder: Person or entity that owns an insurance policy

Question: Which statement best explains Policyholder?

A. Amount of a covered loss borne by the insured before insurer payment

B. Person or entity that owns an insurance policy

C. Duty of parties to disclose material facts relevant to insurance contract

D. Dominant effective cause used to determine whether a loss falls within policy coverage

Correct Answer: B. Person or entity that owns an insurance policyPolicyholder: Person or entity that owns an insurance policy

Which statement best explains Policyholder? - MCQ Explanation

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Correct answer: B. Person or entity that owns an insurance policy