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    Policyholder and Stakeholder

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    Abdirahman M. Salah
    A policyholder is the person or entity whose name appears on the insurance policy records. They own the insurance policy and have the rights to exercise privileges under the insurance contract, unless restricted by an assignee. A policyholder may or may not be the insured person or one of the beneficiaries designated in the policy. A stakeholder is a person, group, or organization that has an interest or investment in an organization and can be impacted by its actions and policies. Key stakeholders include creditors, directors, employees, government agencies, owners, suppliers, unions, and the local community. Not all stakeholders have equal consideration - customers are entitled to fair treatment but not the same as employees. Layoffs are an example of a company action

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    Policyholder and Stakeholder

    Uploaded by

    Abdirahman M. Salah
    270 views2 pages
    A policyholder is the person or entity whose name appears on the insurance policy records. They own the insurance policy and have the rights to exercise privileges under the insurance contract, unless restricted by an assignee. A policyholder may or may not be the insured person or one of the beneficiaries designated in the policy. A stakeholder is a person, group, or organization that has an interest or investment in an organization and can be impacted by its actions and policies. Key stakeholders include creditors, directors, employees, government agencies, owners, suppliers, unions, and the local community. Not all stakeholders have equal consideration - customers are entitled to fair treatment but not the same as employees. Layoffs are an example of a company action

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    A policyholder is the person or entity whose name appears on the insurance policy records. They own the insurance policy and have the rights to exercise privileges under the insurance contract, unless restricted by an assignee. A policyholder may or may not be the insured person or one of the beneficiaries designated in the policy. A stakeholder is a person, group, or organization that has an interest or investment in an organization and can be impacted by its actions and policies. Key stakeholders include creditors, directors, employees, government agencies, owners, suppliers, unions, and the local community. Not all stakeholders have equal consideration - customers are entitled to fair treatment but not the same as employees. Layoffs are an example of a company action

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    270 views2 pages

    Policyholder and Stakeholder

    Uploaded by

    Abdirahman M. Salah
    A policyholder is the person or entity whose name appears on the insurance policy records. They own the insurance policy and have the rights to exercise privileges under the insurance contract, unless restricted by an assignee. A policyholder may or may not be the insured person or one of the beneficiaries designated in the policy. A stakeholder is a person, group, or organization that has an interest or investment in an organization and can be impacted by its actions and policies. Key stakeholders include creditors, directors, employees, government agencies, owners, suppliers, unions, and the local community. Not all stakeholders have equal consideration - customers are entitled to fair treatment but not the same as employees. Layoffs are an example of a company action

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    Policyholder

    Definition - What does Policyholder mean?


    A policyholder is a person or entity who owns an insurance policy and
    has the privilege to exercise the rights stated in the contract. This party is
    often, but not always, the insured, and may or may not be one of the
    policy's beneficiaries.
    Simply stated, a policyholder is a person or entity whose name appears
    on the records of the insurance firm.
    Entity that owns an insurance policy and has the right to exercise all
    privileges under the contract of insurance, except where restricted by the
    rights of an assignee (see assignment). A policyholder may or may not be
    the insured, or the sole or one of the beneficiaries of the policy. Also
    called policy owner.
    stakeholder

    Definition - What does Stakeholder mean?


    A person, group or organization that has interest or concern in an organization.
    Stakeholders can affect or be affected by the organization's actions, objectives and
    policies. Some examples of key stakeholders are creditors, directors, employees,
    government (and its agencies), owners (shareholders), suppliers, unions, and the
    community from which the business draws its resources.

    Not all stakeholders are equal. A company's customers are entitled to fair trading
    practices but they are not entitled to the same consideration as the company's
    employees.

    An example of a negative impact on stakeholders is when a company needs to cut


    costs and plans a round of layoffs.

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