The employer who receives and holds the insurance policy is known as the

Question

Certilyst · Accepted Answer

C Rationale: The employer who receives and holds the insurance policy is known as the master policyholder. The master policyholder is responsible for the insurance policy and typically represents the interests of the group covered under the policy.

A group director may be involved in managing the insurance plan but does not hold the policy itself. Their role is more administrative rather than ownership of the policy.

A benefit coordinator assists employees with their benefits but does not have ownership of the insurance policy. Their function is to provide support and information rather than to hold the policy.

The policy beneficiary is the individual or entity designated to receive the benefits from the insurance policy, but they do not hold or manage the policy. Their role is focused on receiving benefits rather than owning the policy itself.

Utah Life Accident and Health Insurance License Exam Manual

The employer who receives and holds the insurance policy is known as the