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insured person |
Also found in: Hutchinson | 0.02 sec. |
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| This option covers the insured person for a certain period of time--the "term--specified in the policy. Upon the death of the second insured person, the Anglican Foundation will receive at least 10 times the premiums paid, while the donors receive a donation receipt for each premium share paid, said Peter Blachford, General Synod's director of financial management and development. This excludes claims "based upon, arising from, or in consequence of such Insured Person having gained in fact any personal profit, remuneration or advantage to which such Insured Person was not entitled. |
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insured person - a person whose interests are protected by an insurance policy; a person who contracts for an insurance policy that indemnifies him against loss of property or life or health etc.