What is a 'policyholder' in insurance terminology?

In insurance terminology, a policyholder is defined as the individual or entity that owns an insurance policy. This means that the policyholder is the party that has entered into an agreement with the insurance company, providing them with coverage in exchange for premium payments. The policyholder has specific rights and responsibilities, such as the ability to file claims, make changes to the policy, and potentially cancel the policy.

This definition encompasses both individuals, like a homeowner with a home insurance policy, and organizations, such as a business that carries liability insurance. Understanding the role of the policyholder is crucial, as they are the primary customer of the insurance provider and are central to the policy's terms and the claims process.

The other options refer to roles that are part of the insurance ecosystem: handling claims or selling policies, but they do not define who the policyholder is. Additionally, regulatory authorities oversee insurance practices but are not involved in the ownership of insurance policies.