What is the term for the individual whose name appears first on a policy's declaration?

The term for the individual whose name appears first on a policy's declaration is the First Named Insured. This designation is significant because the First Named Insured often holds specific rights and responsibilities under the insurance policy. For example, they typically have the authority to make changes to the policy, file claims, and receive any premium refunds. Additionally, the First Named Insured may be regarded as the primary point of contact for the insurance company.

This role is important in various types of insurance policies, as it helps to clarify who is primarily responsible for adhering to the terms of the policy and managing the relationship with the insurer. The designation system helps distinguish among individuals covered by the policy, especially when multiple parties are involved. Understanding these terms is crucial for anyone dealing with insurance policies, as it impacts coverage and obligations.