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aliya0001 [1]
2 years ago
5

What is the difference between policy owner and insured

Business
1 answer:
Darina [25.2K]2 years ago
8 0
The policy owner normally pays the premium whilst the insured could technically be himself or also another person he is paying the insurance for. For example a father paying medical insurance for the entire family. THere he would be policy owner but also the rest of the family would be insured.
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The answer and procedures of the exercise are attached in the following archives.

Explanation  

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Download xlsx
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