What is the difference between a policyholder and an insured?

A policyholder and an insured are two different people when it comes to insurance regulations in Louisiana. A policyholder is the person who takes out an insurance policy and is responsible for making the payments for it. This person is legally bound to the insurance policy and is the one that the insurance provider will interact with most often. An insured is the person who is receiving coverage from the policy. This person is the one who will receive financial benefits in the event of a claim. However, they are not responsible for making the payments for the policy or dealing with the insurance company. In Louisiana, there is a clear distinction between a policyholder and an insured. While the policyholder is responsible for the payment of the policy, the insured is only responsible for making sure that they are being properly covered by the insurance policy. This distinction is important to understand when it comes to insurance regulations in Louisiana.

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What is the difference between a policyholder and an insured?

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