Claimant Definition Insurance. A claimant is a person or business entity that files a claim for benefits under the provisions of an insurance policy. This is the person who is requesting payment for a loss.
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Under liability policies, the claimant is a third party.”. A claimant is someone who requests payment from an insurer for covered losses. Claimant definition, a person who makes a claim.
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Or a claimant could be someone who is not the policyholder but is still covered by the insurance policy, also. This is the person who is requesting payment for a loss. Alternatively, the insurance company could decline the claim or pay a lesser amount, depending on the circumstances of the claim.
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The person or entity that purchased the insurance and is listed on the policy’s declarations page (also known as the named insured) someone else deemed eligible to make a claim, such as an employee or a. How to use claimant in a sentence. Ten cases of calico and it preserves that title through the whole progress of the suit.when a person is authorized and admitted to defend the libel, he is called the claimant.
Claimant Means A Person Or Entity Who Or Which Submits A Claim Form To The Claims Administrator Seeking To Be Eligible To Share In The Proceeds Of The Settlement Fund.
A claimant is someone who is receiving money from the state because they are unemployed. Someone who makes an official request for money from a government, insurance company etc. The insurance company reviews its validity and pays upon approval.
Get The Definition Of Claimant And Understand What Claimant Means In Insurance.
A party that makes a claim, especially one that is legally cognizable. Please complete this field or. The claimant may be the insured.
A Claim Is A Formal Request To An Insurance Company For Payment Based On The Terms Specified In The Insurance Policy.
Use of the word claimant usually denotes that the person has not yet filed a lawsuit. One who asserts a demand. American heritage® dictionary of the english language, fifth edition.
