Question

What does name of insured party mean?

My doubt is from Insurance subject

I had been asked this question during an interview.

Other related questions to my question are:

What is name of insured person?

Is there a difference between named insured and insured?

What does first named insured mean?

What do I put for insurance name?

Answer 1

Correct answer is: An insured party is any person or entity that is legally qualified to receive insurance payments after a loss occurs. A named insured is a more specific term referring to individuals or companies listed on a policy's declaration page.

The title of my answer is What Is an Insured in Business Insurance? | Insureon