assured
Definition
Legal owner or beneficiary of a life insurance policy. He or she has the control (subject to some exceptions) of the sums realized from proceeds of the policy at its maturity, or upon death of the person covered under the policy.
Mentioned in these definitions
Mentioned in these terms
Popular 'Corporate, Commercial, & General Law' Terms
assured in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/assured.html
